After 14 years of silence, "Satoshi's fellow miners" sold BTC for a profit of more than 1 million times, and Bitcoin is trying to maintain the 60,000 mark

Miners who have been dormant for 14 years sell BTC

Earlier today, Lookonchain monitored the on-chain address and found that a miner's wallet that had been dormant for 14 years woke up at 2 a.m. and transferred 50 bitcoins to the Binance exchange at a price of $61,083. These bitcoins were mined by the miner on July 14, 2010, when the price of bitcoin was only about $0.058.

After 14 years of silence, the value of these bitcoin assets has increased by more than 1,053,154 times, bringing the miner more than $3.05 million in profits.

To learn more about the relevant knowledge and first-hand cutting-edge information of the currency circle, click on the avatar to follow my profile

Miners' selling may be one of the reasons for the BTC price limit

One of the reasons for the recent Bitcoin price limit is generally regarded as the selling behavior of miners. QCP Capital pointed out on the 22nd that due to the higher break-even price of Bitcoin after the halving, miners are facing huge selling pressure, causing their total Bitcoin reserves to decrease by 50,000 compared with the beginning of the year. QCP said as early as the 14th that Bitcoin miners are facing challenges after the halving, which limits the upside of Bitcoin prices.

In addition, Bitfinex pointed out in its report on the 17th that the reserves of miners continued to decline after the halving, indicating that they are struggling to maintain operational efficiency and continue to sell assets to maintain profitability and invest in equipment upgrades. At present, the reserves of miners are close to the lowest level in four years, but it is also possible that the selling pressure of this group has reached a critical point.

#以太坊ETF批准预期 #Mt.Gox将启动偿还计划 #BTC☀ #美国PCE数据将公布