Early Bitcoin Miner Deposits $630k BTC to Kraken An early Bitcoin miner has deposited $630,000 worth of BTC to Kraken, according to a report by Arkham Intelligence via X. The miner, who mined the BTC five days after the genesis block was created, has sold a total of $54.7 million worth of BTC over the last two months. They currently hold $75.23 million worth of BTC. The miner's recent deposit to Kraken is part of a larger trend of early Bitcoin miners selling their holdings. In recent months, several early miners have sold large amounts of BTC, contributing to the recent decline in the price of Bitcoin. It is unclear why early miners are suddenly selling their BTC. Some analysts believe that they are taking profits after the recent bull run. Others believe that they are selling to cover costs or to diversify their holdings. Whatever the reason, the sale of BTC by early miners is likely to continue to put downward pressure on the price of Bitcoin in the short term. However, in the long term, the sale of BTC by early miners could be a positive development for the cryptocurrency. By selling their BTC, early miners are helping to distribute the cryptocurrency more widely and to reduce the concentration of BTC in the hands of a few individuals.

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