A new example has been added to the transfer of old Bitcoins to exchanges or new wallets, which has attracted attention as an increasing trend recently. A person or institution transferred BTCs, which were in different wallets and had not been spent since 2010, to a single wallet.
The sender of the 50 BTC transfers moved 50 BTC in each transaction, transferring a total of 2000 Bitcoins to a single address. During this period, miners are known to receive a reward of 50 BTC per block. While it is noteworthy that the transferred wallets have not moved at all since 2010, it is known that the price of Bitcoin was approximately $0.20 at the time these rewards were won. Today, the total value of these Bitcoins exceeds 140 million dollars.
This account holder had never touched his Bitcoins until the price of Bitcoin rose from approximately $0.20 to $70,000. It is unclear why the transfer was made. Although Bitcoin reached a level of $ 69,000 in 2021, the account owner still did not touch his Bitcoins. It is a matter of curiosity why these transfers were made at this price level over the last 2.5 years...
Ki Young Ju, founder and CEO of CryptoQuant, stated that this could potentially be a sign of selling pressure or liquidity crisis.
A similar transfer took place over the weekend, and the 5th largest Bitcoin account made a BTC transfer of $ 6 billion.
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