[Bitcoin miners in the Satoshi Nakamoto era awaken: transfer 2,000 Bitcoins in one go]
According to Julio Moreno, director of research at CryptoQuant, an early Bitcoin miner from the “Satoshi era” moved 2,000 Bitcoins. These Bitcoins were mined in 2010, when the value of Bitcoin was minuscule compared to today.
The “Satoshi Era” refers to the period when the anonymous founder of Bitcoin, Satoshi Nakamoto, was active in the community, approximately between 2009 and 2010.
Bitcoins mined in the early days of Bitcoin (2009-2011) are considered part of Bitcoin’s history. Transactions involving these Bitcoins are rare and usually attract significant attention, as the actions of early miners tend to be a source of liquidity and distribution.
The transfer was notable not only for its sheer size, but also because the coins had been held for approximately 14 years. There could be several motives for moving such a large amount of Bitcoin after such a long time.
Some potential reasons include: holders may want to take advantage of current market prices, or to fund new projects or investments. Sometimes, older addresses move small amounts of funds to test modern transaction features and security before deciding to make larger transfers.
Holders may also be moving their Bitcoin holdings to modern wallets with more advanced security features for enhanced security.
The move could also be part of a larger market strategy, such as preparing for a large sale via the over-the-counter (OTC) market.
According to Moreno, the latter may have been the reason for the operation. He speculated that the coins may have been moved to an OTC platform or custodian, as the coins were forwarded to several new addresses almost immediately.
