Bitcoin is the subject of rumors as wallets holding 80,000 BTC suddenly reactivate after a 14-year hiatus.

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Bitcoin BTC$108,157 slipped beneath the key $108,000 level on Friday as transactions involving long-dormant coins startled markets.

Rumors swirl as Bitcoin “OG” moves millions

Data from Cointelegraph Markets Pro and TradingView showed BTC/USD visiting $107,564 on Bitstamp before a modest bounce.

Down 1.6% on the day, Bitcoin built on weakness that followed a fresh rejection at $110,000 the day prior.

The latest BTC price action, which occurred in the absence of Wall Street trading thanks to the US Independence Day holiday, coincided with a giant tranche of 80,000 BTC reawakening after 14 years.

The transactions were linked to a single whale entity, with monitoring resource Lookonchain confirming a total of eight wallets.

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