Highest BTC price warnings emerge as 10K BTC exits wallet after 9 years
Coins that were last moved to the "Lawless Age" are liquid again, and on-chain data shows that such events mark BTC macro price highs.< /p>
Market news
Bitcoin (BTC) holders ask questions after 10,000 BTC dormant since 2013 suddenly left their wallet.
On-chain data reported on August 28-29 confirmed that much of Bitcoin has returned to liquid after nearly a decade.
"The Lawless Age" Bitcoin hits the roadAnalysts started noticing oddly high trading volumes this weekend as 5,000 BTC were included in a block.
Having remained in the same wallet since 2013, the funds, whose owner remains unknown, were soon joined by an almost identical amount of 5,000 BTC a day later.
A total of 10,000 BTC has moved for the first time since 2013, and chain sleuths are curious about the motive of the charging whale.
Analysis of the destination wallets concluded that the funds were not sent to an exchange for sale. Instead, they were distributed among a large number of new wallets.
Given the reasoning behind this decision, Maartunn, a contributor to on-chain analytics platform CryptoQuant, suggested that privacy may play a role.
Quick survey on @IT_Tech_PL
1. Bitcoin has moved to a new address2. From new address to several small amount addresses
Basically the scenario as @ki_young_ju is described herehttps://t.co/FHgIJsv24P
— Maartunn (@JA_Maartun) A...
Coins that were last moved to the "Lawless Age" are liquid again, and on-chain data shows that such events mark BTC macro price highs.< /p>
Market news
Bitcoin (BTC) holders ask questions after 10,000 BTC dormant since 2013 suddenly left their wallet.
On-chain data reported on August 28-29 confirmed that much of Bitcoin has returned to liquid after nearly a decade.
"The Lawless Age" Bitcoin hits the roadAnalysts started noticing oddly high trading volumes this weekend as 5,000 BTC were included in a block.
Having remained in the same wallet since 2013, the funds, whose owner remains unknown, were soon joined by an almost identical amount of 5,000 BTC a day later.
A total of 10,000 BTC has moved for the first time since 2013, and chain sleuths are curious about the motive of the charging whale.
Analysis of the destination wallets concluded that the funds were not sent to an exchange for sale. Instead, they were distributed among a large number of new wallets.
Given the reasoning behind this decision, Maartunn, a contributor to on-chain analytics platform CryptoQuant, suggested that privacy may play a role.
Quick survey on @IT_Tech_PL
1. Bitcoin has moved to a new address2. From new address to several small amount addresses
Basically the scenario as @ki_young_ju is described herehttps://t.co/FHgIJsv24P
— Maartunn (@JA_Maartun) A...What's Your Reaction?
