On July 4, 2025, eight wallets from the Satoshi era moved 80,000 BTC, each containing 10,000 BTC, suggesting a security upgrade as they transitioned to more secure SegWit addresses. This instigated concerns about potential quantum threats as older addresses have vulnerabilities. The movement occurred shortly before 28,600 BTC was transferred to Galaxy Digital, affecting Bitcoin's market price, which dropped approximately 5% from an all-time high of $123,000. With 5.9 million BTC estimated to be vulnerable due to the use of outdated address formats, the urgency for network upgrades is evident. The wallets involved had been dormant for 14 years, raising speculations about the identity of the whale, with theories pointing towards Roger Ver. Notably, OP_RETURN messages were sent, which adds further intrigue, indicating potential scams targeting dormant wallets. Overall, while the transfer brought market tensions, it also highlighted the Bitcoin community's need to address quantum security risks and maintain the integrity of the network.

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