😱🚀🚀BTC whale appears after 5 years: The transfer amount caused panic!🚀🚀😱
A #Bitcoin whale transferred 8 thousand #BTC ($536.5 million) from Coinbase cold capacity after 5 years of sleep.
According to blockchain analysis firm Arkham Intelligence, Bitcoin address “1ABww1…mCSKq” moved 8,000 BTC to block 847,490 at 16:26 on June 11.
Whale transferred Bitcoins 11 minutes later, “15u4H…rMsLa” Binance deposit methods. No testing was done before the two transfers. Coinbase cold budget first received 8,000 Bitcoins on December 5, 2018, with many transfers in batches of 200 BTC.
Although it is not clear whether the Bitcoin whale has withdrawn his money, it is known that the BTCs in question were purchased for $ 3,750 on December 5, 2018. Bitcoin experienced a 1,700 percent increase in value during that period. BTC whales have been very active lately. A week ago, a Bitcoin budget dating back to the time of Satoshi Nakamoto transferred 687 BTC worth approximately 44 million to a separate address of two dollars.
Bitcoin (BTC) whales are waking up one by one
According to a report published by Chainalytics and Fortune on April 24, approximately 1.8 million Bitcoin addresses are inactive, with at least one legacy Bitcoin budget waking up being tracked every month.
These budgets, excluding Nakamoto's budget, equate to $121 billion worth of Bitcoin in existing stocks. However, many of these budget holders have lost or are missing the password phrases required to unlock their Bitcoins, so it is not possible to predict how much of them can be recovered.
Bitcoin experienced a pause on June 11, losing 7.5 percent from its local performance of 71.65 on June 7 to 66,250 on June 11.
Despite the decline, the Fear and Greed Index, which tracks cryptocurrencies, remains in the “Greed” zone with a total score of 74 out of 100.
