Eight dormant Bitcoin wallets from the Satoshi era, inactive for 14 years, were reactivated on Friday, involving transactions totaling $8.6 billion. These wallets, belonging to early Bitcoin adopters, have been identified as a potential source of selling pressure, contributing to Bitcoin's difficulty in achieving significant gains over the past six months. Despite the reactivation, there is no clear indication that these wallets are poised to sell their holdings. The market dynamics are further complicated by a gradual reduction in holdings by early Bitcoin miners and long-term holders, while demand from crypto ETFs and corporate treasuries continues to rise. This ongoing balance between selling pressure and institutional demand may influence Bitcoin's short-term price trends.