14 Years of Bitcoin Wallets Moved a Massive BTC to a Single Address: Will There Be a Sale?

An eye-catching transaction came from a whale who earned thousands of Bitcoin (BTC) from mining about 14 years ago. An unknown individual or organization collected a 2,000 BTC from Bitcoin mining in 2010 into a single wallet. According to the data, this amount was worth $600 in 2010, but it has now reached $140 million. Information compiled by blockchain developer mononaut and shared on social media revealed that an anonymous whale reactivated 40 different mining wallets, each with 50 Bitcoin, after many years, pooling 2,000 Bitcoin into a single wallet. The fact that a Bitcoin miner initiated such a transaction approximately 14 years later and 3 weeks before the Bitcoin halving raised the possibility of a sale. Commenting on the matter, CryptoQuant CEO Ki Young Ju implied that this transaction could be sale-oriented and suggested that further declines could be seen if such a situation occurs: Liquidity crisis on the […]

14 Years of Bitcoin Wallets Moved a Massive BTC to a Single Address: Will There Be a Sale?

An eye-catching transaction came from a whale who earned thousands of Bitcoin (BTC) from mining about 14 years ago.

An unknown individual or organization collected a 2,000 BTC from Bitcoin mining in 2010 into a single wallet. According to the data, this amount was worth $600 in 2010, but it has now reached $140 million.

Information compiled by blockchain developer mononaut and shared on social media revealed that an anonymous whale reactivated 40 different mining wallets, each with 50 Bitcoin, after many years, pooling 2,000 Bitcoin into a single wallet.

The fact that a Bitcoin miner initiated such a transaction approximately 14 years later and 3 weeks before the Bitcoin halving raised the possibility of a sale.

Commenting on the matter, CryptoQuant CEO Ki Young Ju implied that this transaction could be sale-oriented and suggested that further declines could be seen if such a situation occurs:

Liquidity crisis on the sales side awakened the old Bitcoin whale.

Another significant Bitcoin movement occurred over the weekend as well. The fifth-largest Bitcoin address moved $6 billion worth of Bitcoin to three new addresses.

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