$BTC — remember the Irish drug dealer who lost the keys to 6,000 BTC? 👀
Turns out they're moving again.
A wallet belonging to Clifton Collins just deposited 500 BTC — about $41.8M — into Coinbase Prime after more than a decade of sitting dormant.
Address: 195bgNrGKGSijU9ZQDWY9GAHvGzLRKxrRL
A few things worth noting. Collins reportedly had his keys written down on paper inside a fishing rod case that got thrown out during a house cleanup — the coins were considered gone for good. Now 500 of them just walked into an exchange.
And that's the part that matters for price. Coins moving to an exchange usually means someone's preparing to sell, and 500 BTC arriving at Coinbase Prime is not a small amount of supply. Whether it dumps or just sits there, the market will be watching that wallet now.
Ten years of nothing, and then this. 👀#BTC #EarningsSeason #SwitzerlandApprovesFirstBitcoinETF
Turns out they're moving again.
A wallet belonging to Clifton Collins just deposited 500 BTC — about $41.8M — into Coinbase Prime after more than a decade of sitting dormant.
Address: 195bgNrGKGSijU9ZQDWY9GAHvGzLRKxrRL
A few things worth noting. Collins reportedly had his keys written down on paper inside a fishing rod case that got thrown out during a house cleanup — the coins were considered gone for good. Now 500 of them just walked into an exchange.
And that's the part that matters for price. Coins moving to an exchange usually means someone's preparing to sell, and 500 BTC arriving at Coinbase Prime is not a small amount of supply. Whether it dumps or just sits there, the market will be watching that wallet now.
Ten years of nothing, and then this. 👀#BTC #EarningsSeason #SwitzerlandApprovesFirstBitcoinETF
