No Indications of Sell-Off in $8.6B Bitcoin Whale Transfer

Blockchain Arkham says that a recent $ 8.6 billion in bitcoins that have been moved for the first time on Thursday for more than 14 years, it seems to be aimed at sale.

“There are no indications that this whale sells bitcoins,” Arkham said In the paper X on Friday. Arkham’s company added that eight gears – which moved 10,000 bitcoins (BTC) Suddenly of eight wallets that have been not affected for more than 14 years – may probably be caused by the owner’s upgrade from the original older wallet to a Native followed The address that is said to have improved security and lower fees.

Arkham says the bitcoin transmission “maybe related” with the upgrade of the wallet

“Yesterday’s $ 8 billion transfers were probably associated with the update to the address and moved from 1-ADDRESSE to BC1Q-ADDRESSES,” Arkham said.

Arkham said on Friday that all bitcoins were originally stored in wallets 2 or 4 May 2011 and remained unaffected for more than 14 years. The company added that Bitcoin is now stored in eight new wallets and has not been moved since then.

In the same day, the research company Blockchain 10x Research said That although there is no clear evidence, a large number of bitcoins are preparing for sale, his analysis “long indicated that the early holders were gradually interpreted in the demand for Treasury ETF and the company treasury”.

Cz says that after moving the whale got into “too late”

Only in February, prominent Bitcoiner Panb revealed that he transformed all his bitcoin holding to see the bitcoin ETF. “You don’t have any problems with the keys, gives me peace. I think I’m not maxi anymore,” said In the post of 15 x February.

Meanwhile, the head of Coinbase, Conor Grogan, has increased the alarming option.

Grogan said that existed Little Hack has caused the transfer of bitcoins of $ 8.6 billionAnd if so, it could be the biggest robbery ever.

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“If it was true (again, I speculate here on the straws), that would be by far the largest robbery in human history,” Grogan Grogan said VX post on Friday,

Transfers caught the attention of the wider crypt industry, some of which captivated a slight approach. Binance former CEO of ChangPeng “CZ” Zhao said“I got into the crypt too late.”

“After seeing the whales in 2011 randomly moving crypto, they received $ 0.1,” Zhao added.

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