Bitcoin makes a splash as old miners return – But all’s not what it seems

Bitcoin inflows to Bin surged, largely driven by a Satoshi-era miner. Long-term holders are taking profits as the market remains stable, but the spotlight is on what comes next.

Bitcoin [BTC] is making waves again, with a sharp shift in momentum. Since the 11th of July, Bin has seen $2.7 billion worth of BTC flow in; a clear reversal after months of steady outflows.

Interestingly, much of this surge seems tied to a Satoshi-era miner resurfacing.

At the same time, long-term holders are cashing out more aggressively than short-term traders, pointing to a cautious phase of redistribution in the market.