Recent activity of one of the oldest #bitcoin☀️ miners, who started mining $BTC
just 5 days after the creation of the 1st block of the network (January 13, 2009), has attracted the attention of the cryptocurrency community. Over the past 2 months, this major holder has transferred $5.47 million worth of digital coins to the Kraken #exchange , including the last tranche of $630 thousand. At the moment, he has about $75.23 million in #BTC☀ remaining in his account. This was stated by Arkham researchers.
Such activity on the part of whales is always of interest for several reasons. First, large holders who were active in the first few months after bitcoin's launch rarely make fund moves. Their decisions can strongly influence market sentiment, as moving large amounts of BTC can signal possible changes in strategy or market expectations.
Additionally, ancient #Bitcoin❗ miners such as this one often take a passive stance, leaving their funds for long periods of time. Such activism may be related to changing attitudes toward the market, including bitcoin's growing popularity among institutional investors and new opportunities such as bitcoin-based steaking and DeFi.
Historically, such movements have often triggered fluctuations in the bitcoin exchange rate, as market participants may perceive such transactions as a signal of potential sell-offs.
Incidentally, this whale is not the only one that has shown activity in recent years. In April 2023, another major bitcoin owner, who also received his coins in the first months after the launch of the network, moved about 400 BTC, which caused a wave of discussion in cryptocurrency circles. The question is what could be the trigger for these moves. Some analysts suggest that increased institutional investment in bitcoin and a change in the global economic backdrop may have prompted old holders to reconsider their tactics.
