2,000 Bitcoins from 2010 Moved: Sales Begin from Satoshi-era Miners$BTC
2,000 Bitcoins, mined in 2010 and never moved to date, were moved by one of the early miners known as the Satoshi era. Some of these Bitcoins were transferred to cryptocurrency exchanges, indicating that this could create short-term selling pressure on the market.
CryptoQuant Research Director Julio Moreno stated that these 2,000 Bitcoins were mined during the early mining period called the Satoshi era and have never been moved to date. Moreno said that some of these Bitcoins are now being transferred to cryptocurrency exchanges. This movement shows that miners are inclined to sell at current price levels, which could put short-term pressure on the price.
Considering the current market value of these Bitcoins, which were mined in 2010, it is clear that a long-term investment strategy was followed. However, the movement of such Bitcoins raises concerns among investors about a price correction or additional selling pressure in the market.
According to CryptoQuant data, miners have been choosing to sell at current price levels, especially recently. This is a development that market participants are watching closely, as such large sales by miners can affect trading volume and price movements on exchanges.
The large sales made by Bitcoin miners have been a frequent topic in the cryptocurrency market lately. The tendency of miners to sell in the current market conditions continues to be an important indicator, especially for investors. It is eagerly awaited how this situation will affect the trading volume on exchanges and the Bitcoin price.