Bitcoin dipped below the $109K mark on Friday, triggering a minor retreat in the wider digital assets market. Traders watched closely as two large BTC wallets—dormant for years—moved a combined 20,000 BTC, roughly $2.18 billion, in a single session. The flagship crypto is still up 85% over the past 12 months, but this sudden shift in supply briefly shook confidence. Dormant Whales Move Billion‑Dollar Stakes Based on reports from on‑chain tracker Lookonchain, one wallet that snapped up 10,000 BTC for $7,805 back in April 2011 moved its entire holding within hours. That original haul, bought when Bitcoin traded at $0.78, is now worth over $1  billion. Moments later, a second address transferred another 10,000  BTC, taking the total to 20,000  BTC shifted in one morning. That equates to a jaw‑dropping 140,000× return on the tiny initial outlay. Analysts caution it may not be a single individual behind both wallets, but the timing grabbed attention. Another wallet of this Bitcoin OG also transferred out 10,000 $BTC ($1.09B) just now after being dormant for 14+ years. 14 years ago, $BTC was only $0.78 — that’s a mind-blowing 140,000x return! https://t.co/e2m8AunEMchttps://t.co/G0YXqPi4mK pic.twitter.com/E1fgGlYA4u — Lookonchain (@lookonchain) July 4, 2025 Political Push Comes As Bitcoin Hesitates Lawmakers in the US are set to take center stage from July 14–18 for a “Crypto Week.” Three major bills will go under review in the House: the Digital Asset Market Clarity Act, the Anti‑CBDC Surveillance State Act, and the Senate’s GENIUS Act. All three measures aim to set new rules for market structure, stablecoins, and prevent a retail CBDC surveillance system. House Financial Services Chair French Hill, Agriculture Chair Glenn “GT” Thompson, and Speaker Mike Johnson say they plan to deliver these bills to US President Donald Trump’s desk. The goal is to build a clear rulebook for digital assets, though some fear the debate could drive fresh volatility. Key Levels And Sentiment On Watch Bitcoin rallied past $109K overnight before pulling back to trade around $108,700, at press time. The market sits less than $3,000 away from its recent all‑time high of about $112K. Spot‑Bitcoin ETFs in the US continue to load up on BTC, and some corporate treasuries keep adding to their stacks. Yet macro factors—rising rates, bank sector worries, and global tensions—keep a bit of caution in the air. Featured image from Meta, chart from TradingView

Crypto assets to the tune of over $3 billion are heading into circulation in June. That marks a 32% drop from May’s haul of $4.9 billion. According to crypto vesting tracker Tokenomist, investors and traders will face new supply pressure again this month. Total Token Unlocks Dip In June June’s release of $3.3 billion is down sharply from May’s nearly $5 billion. A lot of that change comes from projects finishing earlier vesting schedules. But $3.3 billion is still a heavy weight on token prices. Markets usually wobble when billions of dollars suddenly become tradable. Cliffs Versus Gradual Releases About $1.4 billion of June’s tokens will hit wallets all at once in what’s called a cliff unlock. That means a lump sum becomes liquid on a set date. The rest— nearly $2 billion—will drip into the market bit by bit with linear unlocks. A slow trickle of new supply can soften the blow, but it still adds up over time. Big Names On The List Several major projects lead the pack in June. Metars Genesis (MRS) will drop over $190 million worth of tokens on June 21 to back an AI partnership. Since March, MRS has unlocked 10 million tokens each month, pushing nearly $1 billion into circulation so far. On June 1, SUI will unlock 44 million coins—about $160 million in value. Over $70 million of that goes to Series B investors. To date, SUI has released more than 3 billion tokens valued at roughly $12 billion, or about 33% of its total supply. Another 5.22 billion tokens, worth nearly $20 billion, are still locked without a set date. Other Projects To Watch A handful of well-known tokens also have vesting dates in June. Fasttoken will hand out 20 million tokens—around $88 million—to its founders. LayerZero plans to unlock 25 million tokens worth over $70 million for core contributors and strategic partners. Aptos will release 11.30 million tokens, about $60 million, to its team, backers and community fund. ZKsync sets free over 760 million tokens valued at almost $50 million to investors and staff. Even Arbitrum joins the list, adding to the pressure on Layer-2 markets. What This Means For Traders Based on reports, big unlocks tend to spark price swings. Cliff events often trigger fast sell-offs as holders gain full access. Gradual releases can drag on prices over weeks. Those who trade around these dates should be ready for volatility. For long-term holders, dips caused by fresh supply might offer a chance to add to positions. Either way, tracking vesting calendars could help time moves and spare traders from nasty surprises. Featured image from Unsplash, chart from TradingView