The Bitcoin research organization BTCparser proposed a new theory in an article published on November 19, stating that 'Satoshi Nakamoto may have been a Bitcoin whale in 2010.' BTCparser noted that the whale addresses from 2010 exhibited similar Bitcoin transfer patterns and were planned cash-outs of Bitcoin. (Background: Why is it a good thing that the identity of 'Satoshi Nakamoto' remains a mystery?) (Supplementary background: The FBI publicly disclosed the investigation results on 'Satoshi Nakamoto': does not deny having personal identity information) The founder of Bitcoin, Satoshi Nakamoto, has always been one of the most mysterious topics in the cryptocurrency community, as no one knows his true identity. Some believe he is already dead; some think he is living under an alias; while others believe he is a team. We know that Satoshi Nakamoto mined a large amount of BTC during the establishment of the Bitcoin network, holding approximately 1.1 million BTC across about 22,000 addresses related to him, and this 1.1 million BTC has not been used for a long time after being mined, leading the market to generally believe that Satoshi Nakamoto has retired from the cryptocurrency world. Bitcoin research institution: Satoshi Nakamoto may be the 2010 BTC whale. Against this background, the Bitcoin research organization BTCparser put forward a new theory in an article published on November 19, stating that 'Satoshi Nakamoto may be a Bitcoin whale in 2010.' The article stated that Satoshi Nakamoto likely resumed mining under another identity in 2010, accumulating thousands of Bitcoins. As prices rose, he began to strategically sell these tokens after 2019. As for why he did not use the Bitcoins from 2009, the article stated that if Satoshi Nakamoto holds a large amount of Bitcoins mined in 2010, there is no reason to touch the ancient wallet from 2009. Doing so could not only avoid crowd panic but also reduce the risk of exposing his identity. 2010 whale addresses continue to cash out. Additionally, the article found that these whale addresses from 2010 exhibit a repetitive wallet activity pattern, characterized as follows: No transaction records in 2010 mining: these Bitcoins were created after Satoshi Nakamoto's activities in 2009. Before the wallets were awakened (moved tokens), these wallets only held 50 Bitcoins and had no outbound records. Fund consolidation and distribution: These Bitcoins were first consolidated into a P2SH address (commonly used for custody) and then distributed to multiple bech32 addresses. As of now, this '2010 whale' has transferred 24,000 Bitcoins through the same pattern, with the first transfer occurring in November 2019 and the most recent on November 15, 2024: November 2019: sold Bitcoins worth approximately $5 million. March 2020: sold Bitcoins worth approximately $6-8 million. October 2020: sold Bitcoins worth $11-13 million. November 2024: sold Bitcoins worth $176 million. The article noted that the transaction amounts increased gradually with the rise of Bitcoin prices, indicating that this whale is adopting a planned cash-out strategy. In conclusion, BTCparser again emphasized that this is a 'theory' regarding Satoshi Nakamoto, rather than a conclusion that 'the 2010 whale' is Satoshi Nakamoto. However, whether or not this whale is related to Satoshi Nakamoto, it reminds us that the 1.1 million Bitcoins from 2009 may be waiting for the right opportunity to re-enter the market. Related reports: Analysis of MicroStrategy's Bitcoin buying behavior and funding sources = Enhanced 'Grayscale + Luna'. Bitcoin once fell below $96,000, while Ethereum struggled to hold $3,300, with over 190,000 people liquidated, totaling $500 million. Wall Street enters Bitcoin lending: Trump's Commerce Department company Cantor offers $10 billion 'BTC collateral loans', his son once worked for Tether. 'Is Satoshi Nakamoto still alive and wealthy? Bitcoin research organization: The '2010 whale' that cashed out $176 million in November may be him.' This article was first published on BlockTempo (the most influential blockchain news media).