After 9 years of sleep, multiple BTC whales awaken at the same time? 6,300 Bitcoins have been transferred, worth $177 million

kiri to the moon · 2023-10-08T08:20:29.000Z

Bitcoin whales often use early market insights to hoard large amounts of Bitcoins at very low entry costs. Their profits from holding may be thousands to tens of thousands times, so they continue to invest in the subsequent market. The operation has also attracted market attention. In the first week of October, many sleeping Bitcoin whales began to wake up and transfer large amounts of Bitcoin... Transferred 860 BTC after sleeping for 9 years A noteworthy transfer this week involved more than 860 Bitcoins (with a market capitalization of approximately $24 million). These 860 Bitcoins were scattered among 86 different wallets, all of which were created on January 3, 2014. It was restarted nine years later, all transferring 10 BTC on October 4. Considering the same wallet creation and transaction date, it is speculated that these 86 dormant addresses belong to the same person. According to Coinmarketcap data, in early 2014, Bitcoin At a price of $800, this investment has achieved a return of 35 times.

Bitcoin whales often use their foresight to see the market opportunities in the early stage, hoarding a large amount of Bitcoin at a very low entry cost, and their profits from holding it to date may reach thousands to tens of thousands of times. Therefore, their subsequent market operations have also attracted much attention from the market. In the first week of October, many dormant Bitcoin whales began to wake up and transfer a large amount of Bitcoin..
860 BTC transferred after 9 years of dormancyA notable transfer this week involved more than 860 bitcoins (market value of approximately $24 million). These 860 bitcoins were scattered among 86 different wallets. All wallets were created on January 3, 2014, and restarted nine years later. All transferred 10 BTC on October 4. Considering the same wallet creation and transaction dates, it is speculated that these 86 dormant addresses belong to the same person. According to Coinmarketcap data, based on the bitcoin price of $800 in early 2014, this investment has achieved a 35-fold return.
There is also a whale that has been dormant for more than 10 years. Three days ago, he began to transfer 504 BTC (with a total market value of approximately 14 million US dollars) from his wallet. These bitcoins have been left over since July 2013, when the price was only around 70 US dollars. It is estimated that this investment has achieved at least 400 times the return.
Transferred 5,000 Bitcoins, worth $139 millionIn addition, according to blockchain browser data, there was an address created in 2020 that had been dormant for nearly 3 years. Starting on the morning of the 8th, it transferred up to 5,000 coins to three different new wallets, with a market value of approximately US$139 million.
Although the operations of the above-mentioned whales are not transferred to centralized exchanges, and it is possible that they are just integrating early wallets, the fact that multiple whales are operating at the same time at this point in time inevitably makes people wonder whether they are pessimistic about the cryptocurrency market in the short term.