According to Golden Finance, CryptoQuant analyst Maartunn reported that about 8,000 Bitcoins that have been silent for five to seven years have been transferred recently, exacerbating current bearish concerns about cryptocurrencies. It is reported that these Bitcoins were transferred in a block and worth $674 million. Generally speaking, a large amount of BTC is transferred from a long-term dormant state, which is often interpreted as a signal of upcoming selling pressure, leading to a sharp pullback in prices, but there are other non-bearish motivations, such as institutional investors or whale internal wallet sorting.