On January 11th, on-chain analyst Julio Moreno detected an interesting signal: an active miner from the Satoshi era just transferred 2,000 Bitcoins, marking his first such move since November last year. At that time, the market price of Bitcoin hovered around $91,000.

Why did this event attract attention? Looking back at history, you'll understand. These veteran miners usually do not transfer assets without reason; each of their moves often appears at critical market junctures—sometimes indicating a price breakout, other times reflecting a reassessment of market direction. Such behavior, occurring only once every few months, is either driven by specific plans or signals that they find worth acting upon.

Whether accumulating or liquidating, the movements of on-chain whales quietly tell the story of the market. For traders, these data changes are indeed worth close monitoring, as they might be a precursor to the next wave of market trends.