3 Satoshi-Era Bitcoin Whales Come Alive After 6 Years, Transfer $230M In A Day
Portfolio Pulse from Mehab Qureshi
Three Bitcoin wallets, dormant since the Satoshi period and last active six years ago, have transferred Bitcoins amounting to around $230 million. The wallets have a similar history, with their last activity recorded on Nov. 5, 2017. The Bitcoin in these wallets dates back to July 2011 and is associated with F2Pool, a Bitcoin mining pool. This massive transfer comes just after the BTC price reached a new yearly high, surpassing $35,000.
November 03, 2023 | 9:50 am
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
The transfer of a large amount of Bitcoin from dormant wallets could potentially impact the price of Bitcoin in the short term. However, the current market conditions and recent price increase may mitigate any negative impact.
Large transfers of Bitcoin can sometimes lead to price volatility as they can signal potential selling pressure. However, given the recent price increase and current market conditions, any potential negative impact may be mitigated.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100