The miner first moved the Bitcoins received as a reward for the mined block on April 23, 2010.
Based on Lookonchain’s information, an unidentified large Bitcoin holder transferred $3.3 million worth of BTC (approximately 50 coins) on April 15. Sixteen and a half coins wound up at an address connected to Coinbase withdrawals, while the rest stayed in the wallet using fresh details.
Fifteen years ago, on April 23, 2010, a cryptocurrency wallet associated with a miner became active once more. This wallet, currently holding 50 $BTC (equivalent to approximately $3.28 million), sent the coins to Coinbase just a few minutes ago.— Lookonchain (@lookonchain) April 15, 2024
Analysts did not provide any other details about transferring several dozen Bitcoins.
A significant Bitcoin investor who had been inactive for a decade, last seen in April, suddenly moved some of his funds from his wallet with a balance of 1,701 BTC. According to reports from Lookonchain analysts, approximately 246 BTC were taken out.
A whale that had possessed 1,701 Bitcoin worth around $115.42 million after a decade of inactivity, recently moved 246 Bitcoin or roughly $16.73 million. This transaction took place approximately 20 minutes ago.
In the year 2013, this whale acquired 4,272 Bitcoins at an average price of $29.39 per coin, which amounts to approximately $125,541 in total value at that time.
Address: 1CLxmHRhoi9VpSj5QihqPEdbhLL8E1oeUZ
— Lookonchain (@lookonchain) April 6, 2024
In the year 2013, a Bitcoin big investor obtained 4,272 BTC. The average price for one Bitcoin back then was around $29.39. This means that the investment made by the trader amounted to approximately $125,541 at that time.
Old wallet owners come to life when Bitcoin’s value spikes, indicating potential selling intent. The reactivation of old wallets may serve as a valuable signal for forthcoming transactions, suggesting the owner intends to offload their coins. In certain instances, these holders transfer BTC to new addresses for continued trading.
Based on information from 10x Research, Bitcoin miners started hoarding Bitcoins in January 2024 to widen the gap between availability and desired ownership. This action contributed to the significant price surge of BTC, with its record high reached in March at an astounding $73,750.
Once the company has reduced its holdings by half, it will gradually get rid of its excess cryptocurrency coins. This action could put downward pressure on the price of the cryptocurrency.
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2024-04-15 19:04