Mysterious Bitcoin Whale Moves $8 Billion in ‘Largest Daily’ Transfer of Old BTC in History

Kita that kept on a Bitcoin Fortune for 14 years on Friday began the movement of a huge supply of 80,000 BTC – $ 8.6 billion at today’s prices.

The coins started moving in a series of 10,000 BTCs, or about $ 1 billion at BTC, on Friday morning New York Time shows data from Arkham Intelligence. By 11 o’clock the east time of a cryptocurrency of $ 8.6 billion was transferred to new addresses.

Blockchain observers quickly pointed out to X that the movements came from the entity that the coins received back in 2011 as the “coinbase” transaction-paste transaction in the block created by miners. When miners create new blocks on Blockchain, they are awarded with newly minted digital coins.

Cryptoquant’s Chief of Research Julio Moreno said Decipher: “It is the biggest everyday movement of coins over 10 years of age or more in history.” He added that the previous record for a whale lingered on cryptocurrencies for this has long been a 3,700 BTC transaction, which fades in comparison.

Crypto analyst for cryptoquant i marketing wrote On the X: “In eight years of Bitcoin analysis, I have never seen anything like this,” noting that the entity was associated with Bitcoin addresses that have performed transactions over 200,000 BTC at one point on Friday.

Conor Grogan, director of the largest US Crypto Exchange Coinbase, announced on the X that the entity associated with the addresses had a wealth of $ 21.5 billion – which made them one of the top five of Bitcoin’s largest owners in the history of cryptocurrency.

Grogan added that if he had to hit, Bitcoin wallet probably belongs to the “miner og”, which means that someone who was very early in the BTC mining was online.

In the world of cryptocurrencies, a whale is someone who holds a large amount of digital coins and token. AND Kitov It is usually defined by an entity that holds $ 1,000 at today’s prices – $ 108 million – or more.

Experts said earlier Decipher Although it is difficult to say, whales are not always individual investors, but also companies that have early involved in cryptocurrency mining. Although, given that the supply of coins that move today is obtained years before the industrial excavation of bitcoin, anyone assumes whether the stakes belong to one person or group.

Bitcoin recently traded for $ 107,895 per cash, according to Coingecko, after falling by almost 2% over a period of 24 hours. The leading cryptocurrency is about 4% of a record maximum of $ 111,814, which he set in May.

When whales start moving their coins after years ”Wandering“The markets are moving because investors expect immediate sale, and therefore the fall in price.