BitcoinWhale
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Bitcoin Whale from the Satoshi Era Awakens, Posting a Gain of 169,358,650%
According to Whale Alert, a long-dormant Bitcoin address from the early days of Bitcoin has been reactivated, bringing a staggering gain of 169,358,650%.
Historic Address with 50 B$BTC Reactivates After Over 14 Years
An address holding 50 BTC, now worth nearly $3.39 million, has been reactivated after 14.3 years of inactivity. Back in 2010, these bitcoins were worth only $2.
Whale Alert noted that the address is from the "Satoshi era," a period when Bitcoin’s pseudonymous creator, Satoshi Nakamoto, was still active in the crypto community. The identity of this whale remains unknown, leading to speculation about their motives after holding BTC for so long.
Early Miner or Rediscovered Keys?
According to the on-chain analysis platform Lookonchain, the address likely belonged to an early miner who earned 50 BTC through a block reward on July 13, 2010. Lookonchain shared in a tweet that this miner moved the 50 BTC, now worth around $3.05 million, after over 14 years.
The exact reason for the activation is unknown, but the whale might have decided to cash out after Bitcoin’s dramatic increase in value over the past 14 years, or perhaps the miner simply rediscovered the wallet keys.
Bitcoin Price and Current Macroeconomic Situation
On Thursday, cryptocurrencies surged, offsetting a recent slight decline after Bitcoin’s unsuccessful attempt to reclaim the $70,000 level. Bitcoin’s price rose by 1% over the last 24 hours, hovering around $67,508.
In the macroeconomic arena, traders are closely monitoring comments from Federal Reserve members about a potential 50-basis-point rate cut in September and further developments.
According to CME’s FedWatch, there is a 97% chance the Fed will cut rates by 25 basis points in November.
#BTC☀ , #SatoshiNakamoto , #BitcoinWhale , #Cryptocurrencies , #CryptoTransaction
Stay one step ahead – follow our profile and stay informed about everything important in the world of cryptocurrencies!
Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“
Historic Address with 50 B$BTC Reactivates After Over 14 Years
An address holding 50 BTC, now worth nearly $3.39 million, has been reactivated after 14.3 years of inactivity. Back in 2010, these bitcoins were worth only $2.
Whale Alert noted that the address is from the "Satoshi era," a period when Bitcoin’s pseudonymous creator, Satoshi Nakamoto, was still active in the crypto community. The identity of this whale remains unknown, leading to speculation about their motives after holding BTC for so long.
Early Miner or Rediscovered Keys?
According to the on-chain analysis platform Lookonchain, the address likely belonged to an early miner who earned 50 BTC through a block reward on July 13, 2010. Lookonchain shared in a tweet that this miner moved the 50 BTC, now worth around $3.05 million, after over 14 years.
The exact reason for the activation is unknown, but the whale might have decided to cash out after Bitcoin’s dramatic increase in value over the past 14 years, or perhaps the miner simply rediscovered the wallet keys.
Bitcoin Price and Current Macroeconomic Situation
On Thursday, cryptocurrencies surged, offsetting a recent slight decline after Bitcoin’s unsuccessful attempt to reclaim the $70,000 level. Bitcoin’s price rose by 1% over the last 24 hours, hovering around $67,508.
In the macroeconomic arena, traders are closely monitoring comments from Federal Reserve members about a potential 50-basis-point rate cut in September and further developments.
According to CME’s FedWatch, there is a 97% chance the Fed will cut rates by 25 basis points in November.
#BTC☀ , #SatoshiNakamoto , #BitcoinWhale , #Cryptocurrencies , #CryptoTransaction
Stay one step ahead – follow our profile and stay informed about everything important in the world of cryptocurrencies!
Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“
📊 Bitcoin Whale & Miner Profits Analysis:
🐋 Whale Groups:
CryptoQuant CEO Ki Young Ju discusses four key groups based on on-chain data:
1. Short-Term Holder (STH) Whales:
Large entities entering the market within the past 155 days.
2. Long-Term Holder (LTH) Whales:
Veteran large holders, holding for over 155 days.
3. Miners (100-1,000 BTC):
Small miners on the network.
4. Miner Whales (1,000 BTC+):
Mining companies.
📈 Unrealized Profit Ratio:
This indicator reflects the unrealized gains of these groups relative to their total market cap.
- LTH whales lead with a ratio of 2.23, suggesting over 223% profits.
- Small miners follow with 1.31, outperforming miner whales at 0.81.
- STH whales lag at 0.016, indicating only 1.6% profits, likely due to buying at higher prices through spot ETFs.
💡 Analysis:
The profits of LTH whales and small miners are significant, indicating rewards for patience and participation. However, STH whales have smaller profits due to buying at higher prices recently.
💰 Overall Outlook:
Despite profits across these groups, Ju suggests "not enough profit to end this cycle," implying continued market activity.
💱 BTC Price:
Bitcoin remains around $64,300, exhibiting sideways movement recently.
#bitcoinhalving #Megadrop #Token2049 #BitcoinWhale
🐋 Whale Groups:
CryptoQuant CEO Ki Young Ju discusses four key groups based on on-chain data:
1. Short-Term Holder (STH) Whales:
Large entities entering the market within the past 155 days.
2. Long-Term Holder (LTH) Whales:
Veteran large holders, holding for over 155 days.
3. Miners (100-1,000 BTC):
Small miners on the network.
4. Miner Whales (1,000 BTC+):
Mining companies.
📈 Unrealized Profit Ratio:
This indicator reflects the unrealized gains of these groups relative to their total market cap.
- LTH whales lead with a ratio of 2.23, suggesting over 223% profits.
- Small miners follow with 1.31, outperforming miner whales at 0.81.
- STH whales lag at 0.016, indicating only 1.6% profits, likely due to buying at higher prices through spot ETFs.
💡 Analysis:
The profits of LTH whales and small miners are significant, indicating rewards for patience and participation. However, STH whales have smaller profits due to buying at higher prices recently.
💰 Overall Outlook:
Despite profits across these groups, Ju suggests "not enough profit to end this cycle," implying continued market activity.
💱 BTC Price:
Bitcoin remains around $64,300, exhibiting sideways movement recently.
#bitcoinhalving #Megadrop #Token2049 #BitcoinWhale
📈 Impressive Bitcoin Accumulation Alert! 🚀
🤯 Wallet Update:
- Average Purchase: 100 BTC per day since November 2022.
- Current Holding: 51,164 BTC
- Current Value: $3.1 billion 💰
🔥 Someone is seriously stacking those sats! 🚀📊 #BitcoinWhale #CryptoWealth #BTC
🤯 Wallet Update:
- Average Purchase: 100 BTC per day since November 2022.
- Current Holding: 51,164 BTC
- Current Value: $3.1 billion 💰
🔥 Someone is seriously stacking those sats! 🚀📊 #BitcoinWhale #CryptoWealth #BTC
🐋 A Bitcoin whale address (1JvPU) dormant for over four years moves 2,905.09 BTC ($100 million) out at approximately 9:48 on the 1st, having received BTC in 2019. Potential profit from the sale estimated at $67.47 million. #BitcoinWhale 🐳🚚💰📈
Bitcoin Whales Accumulate $50M in BTC Amid Price Drop and ETF Launches
As Bitcoin’s value plunges nearly 20%, cryptocurrency whales have been actively accumulating over $50 million in Bitcoin.This significant accumulation occurs in the wake of the introduction of spot Bitcoin ETFs in the United States.“A Bitfinex whale has been non-stop TWAP buying BTC for 3 days,” reports a pseudonymous analyst, highlighting the aggressive accumulation.
In a strategic response to recent market dips and ETF introductions, Bitcoin whales have accumulated significant BTC holdings, indicating a potential shift in the cryptocurrency market dynamics.
Whales’ Response to Bitcoin’s Price Drop and ETF Introductions
Following the launch of spot Bitcoin ETFs in the United States, Bitcoin has experienced a nearly 20% drop in value. This market downturn, however, has not deterred cryptocurrency whales, particularly on Bitfinex, from accumulating substantial amounts of Bitcoin. As BTC prices fluctuated around $40,100, recovering from a low of just under $38,000, these large investors have reportedly added over $50 million of BTC to their portfolios in just three days.
Significance of the Premium on Bitfinex
TradingView data, as reported by COINOTAG, shows Bitcoin trading at a $100 premium on Bitfinex compared to other exchanges. This premium is indicative of the high demand for Bitcoin on this platform. The aggressive buying strategy of a notable Bitfinex whale, employing the Trade-Weighted Average Price (TWAP) method, has been a key factor in this phenomenon. This approach minimizes market impact by spreading large orders over time.
Broader Market Implications and JPMorgan’s Analysis
The recent activities of Bitcoin whales, coupled with the FTX bankruptcy estate’s sales and withdrawals from the Grayscale Bitcoin Trust (GBTC), have caused notable market fluctuations. JPMorgan analysts express concern that the excitement around Bitcoin ETFs might not meet market expectations, potentially deflating the recent cryptocurrency rally. Furthermore, with a Bitcoin halving event approaching later this year, which typically leads to a rally as the supply of new coins halves, the market is poised for more volatility.
Conclusion
The recent accumulation of $50 million worth of Bitcoin by whales amidst a price drop and the introduction of ETFs signals a significant shift in market dynamics. While this aggressive accumulation reflects confidence by some investors, the broader market remains cautious, with industry experts like JPMorgan analyzing potential impacts. The upcoming halving event adds another layer of complexity, making the future of Bitcoin’s market more intriguing.
$BTC #BitcoinWhale
In a strategic response to recent market dips and ETF introductions, Bitcoin whales have accumulated significant BTC holdings, indicating a potential shift in the cryptocurrency market dynamics.
Whales’ Response to Bitcoin’s Price Drop and ETF Introductions
Following the launch of spot Bitcoin ETFs in the United States, Bitcoin has experienced a nearly 20% drop in value. This market downturn, however, has not deterred cryptocurrency whales, particularly on Bitfinex, from accumulating substantial amounts of Bitcoin. As BTC prices fluctuated around $40,100, recovering from a low of just under $38,000, these large investors have reportedly added over $50 million of BTC to their portfolios in just three days.
Significance of the Premium on Bitfinex
TradingView data, as reported by COINOTAG, shows Bitcoin trading at a $100 premium on Bitfinex compared to other exchanges. This premium is indicative of the high demand for Bitcoin on this platform. The aggressive buying strategy of a notable Bitfinex whale, employing the Trade-Weighted Average Price (TWAP) method, has been a key factor in this phenomenon. This approach minimizes market impact by spreading large orders over time.
Broader Market Implications and JPMorgan’s Analysis
The recent activities of Bitcoin whales, coupled with the FTX bankruptcy estate’s sales and withdrawals from the Grayscale Bitcoin Trust (GBTC), have caused notable market fluctuations. JPMorgan analysts express concern that the excitement around Bitcoin ETFs might not meet market expectations, potentially deflating the recent cryptocurrency rally. Furthermore, with a Bitcoin halving event approaching later this year, which typically leads to a rally as the supply of new coins halves, the market is poised for more volatility.
Conclusion
The recent accumulation of $50 million worth of Bitcoin by whales amidst a price drop and the introduction of ETFs signals a significant shift in market dynamics. While this aggressive accumulation reflects confidence by some investors, the broader market remains cautious, with industry experts like JPMorgan analyzing potential impacts. The upcoming halving event adds another layer of complexity, making the future of Bitcoin’s market more intriguing.
$BTC #BitcoinWhale
📊 Bitcoin Whale & Miner Profits Analysis:
🐋 Whale Groups:
CryptoQuant CEO Ki Young Ju discusses four key groups based on on-chain data:
1. Short-Term Holder (STH) Whales:
Large entities entering the market within the past 155 days.
2. Long-Term Holder (LTH) Whales:
Veteran large holders, holding for over 155 days.
3. Miners (100-1,000 BTC):
Small miners on the network.
4. Miner Whales (1,000 BTC+):
Mining companies.
📈 Unrealized Profit Ratio:
This indicator reflects the unrealized gains of these groups relative to their total market cap.
- LTH whales lead with a ratio of 2.23, suggesting over 223% profits.
- Small miners follow with 1.31, outperforming miner whales at 0.81.
- STH whales lag at 0.016, indicating only 1.6% profits, likely due to buying at higher prices through spot ETFs.
💡 Analysis:
The profits of LTH whales and small miners are significant, indicating rewards for patience and participation. However, STH whales have smaller profits due to buying at higher prices recently.
💰 Overall Outlook:
Despite profits across these groups, Ju suggests "not enough profit to end this cycle," implying continued market activity.
💱 BTC Price:
Bitcoin remains around $64,300, exhibiting sideways movement recently.
#bitcoinhalving #Megadropb #Token2049b #BitcoinWhale
🐋 Whale Groups:
CryptoQuant CEO Ki Young Ju discusses four key groups based on on-chain data:
1. Short-Term Holder (STH) Whales:
Large entities entering the market within the past 155 days.
2. Long-Term Holder (LTH) Whales:
Veteran large holders, holding for over 155 days.
3. Miners (100-1,000 BTC):
Small miners on the network.
4. Miner Whales (1,000 BTC+):
Mining companies.
📈 Unrealized Profit Ratio:
This indicator reflects the unrealized gains of these groups relative to their total market cap.
- LTH whales lead with a ratio of 2.23, suggesting over 223% profits.
- Small miners follow with 1.31, outperforming miner whales at 0.81.
- STH whales lag at 0.016, indicating only 1.6% profits, likely due to buying at higher prices through spot ETFs.
💡 Analysis:
The profits of LTH whales and small miners are significant, indicating rewards for patience and participation. However, STH whales have smaller profits due to buying at higher prices recently.
💰 Overall Outlook:
Despite profits across these groups, Ju suggests "not enough profit to end this cycle," implying continued market activity.
💱 BTC Price:
Bitcoin remains around $64,300, exhibiting sideways movement recently.
#bitcoinhalving #Megadropb #Token2049b #BitcoinWhale
🐋 In the past three weeks, a specific whale has acquired 11,268 bitcoins, valued at $424 million, making it the 74th largest BTC holder. Today, they added another 875 BTC to their wallet, enjoying unrealized profits of approximately $9.8 million. 📈💰 #BitcoinWhale #BTCInvestment
🐋 As of now, there are 1,509 'whale' entities owning 1,000+ $BTC - reaching a peak since September 2022!
#BitcoinWhale #WhaleAlert #BitcoinNews
#BitcoinWhale #WhaleAlert #BitcoinNews
📊 Bitcoin Whale & Miner Profits Analysis:
🐋 Whale Groups:
CryptoQuant CEO Ki Young Ju discusses four key groups based on on-chain data:
1. Short-Term Holder (STH) Whales:
Large entities entering the market within the past 155 days.
2. Long-Term Holder (LTH) Whales:
Veteran large holders, holding for over 155 days.
3. Miners (100-1,000 BTC):
Small miners on the network.
4. Miner Whales (1,000 BTC+):
Mining companies.
📈 Unrealized Profit Ratio:
This indicator reflects the unrealized gains of these groups relative to their total market cap.
- LTH whales lead with a ratio of 2.23, suggesting over 223% profits.
- Small miners follow with 1.31, outperforming miner whales at 0.81.
- STH whales lag at 0.016, indicating only 1.6% profits, likely due to buying at higher prices through spot ETFs.
💡 Analysis:
The profits of LTH whales and small miners are significant, indicating rewards for patience and participation. However, STH whales have smaller profits due to buying at higher prices recently.
💰 Overall Outlook:
Despite profits across these groups, Ju suggests "not enough profit to end this cycle," implying continued market activity.
💱 BTC Price:
Bitcoin remains around $64,300, exhibiting sideways movement recently.
#bitcoinhalving #Megadrop #Token2049 #BitcoinWhale
🐋 Whale Groups:
CryptoQuant CEO Ki Young Ju discusses four key groups based on on-chain data:
1. Short-Term Holder (STH) Whales:
Large entities entering the market within the past 155 days.
2. Long-Term Holder (LTH) Whales:
Veteran large holders, holding for over 155 days.
3. Miners (100-1,000 BTC):
Small miners on the network.
4. Miner Whales (1,000 BTC+):
Mining companies.
📈 Unrealized Profit Ratio:
This indicator reflects the unrealized gains of these groups relative to their total market cap.
- LTH whales lead with a ratio of 2.23, suggesting over 223% profits.
- Small miners follow with 1.31, outperforming miner whales at 0.81.
- STH whales lag at 0.016, indicating only 1.6% profits, likely due to buying at higher prices through spot ETFs.
💡 Analysis:
The profits of LTH whales and small miners are significant, indicating rewards for patience and participation. However, STH whales have smaller profits due to buying at higher prices recently.
💰 Overall Outlook:
Despite profits across these groups, Ju suggests "not enough profit to end this cycle," implying continued market activity.
💱 BTC Price:
Bitcoin remains around $64,300, exhibiting sideways movement recently.
#bitcoinhalving #Megadrop #Token2049 #BitcoinWhale
The number of #Bitcoin whale wallets, which are wallets holding significant amounts of Bitcoin, has reached a 17-month high.
This surge indicates increasing accumulation by large investors, potentially signaling confidence in $BTC 's future price performance. The rise in whale activity could impact market dynamics, as these large holders have the ability to influence Bitcoin's price with their trading actions.
#BitcoinWhales #BitcoinWhale #BitcoinHolder #TrendingTopic
This surge indicates increasing accumulation by large investors, potentially signaling confidence in $BTC 's future price performance. The rise in whale activity could impact market dynamics, as these large holders have the ability to influence Bitcoin's price with their trading actions.
#BitcoinWhales #BitcoinWhale #BitcoinHolder #TrendingTopic
🚀 Satoshi-Era Bitcoin Wallet Turns 400,179% Profit into Trending Altcoin: ETFSwap (ETFS)! 🚀
A dormant Satoshi-era Bitcoin wallet has resurfaced after nearly 13 years, making waves in the crypto community with a jaw-dropping 400,179% profit! 🌟
This anonymous Bitcoin whale didn't stop there. They are now turning heads again by investing heavily in the hot new Ethereum-based altcoin: ETFSwap (ETFS). 🪙💥
ETFSwap is outperforming popular contenders like Shiba Inu ($SHIB ) and Dogecoin ($DOGE ) with its innovative features, market resilience, and dynamic growth potential. 📈✨
Join the conversation on Binance and explore the possibilities with ETFSwap (ETFS). Dive into the future of crypto with us! 💫
🔹Your generous tips help us provide top-tier investment advice! 💙
#CryptoPCEWatch #ETFSwap #BitcoinWhale #CryptoInvestment #Binance
👉 Don't miss out! Start trading ETFSwap (ETFS) on Binance today! $ETH
A dormant Satoshi-era Bitcoin wallet has resurfaced after nearly 13 years, making waves in the crypto community with a jaw-dropping 400,179% profit! 🌟
This anonymous Bitcoin whale didn't stop there. They are now turning heads again by investing heavily in the hot new Ethereum-based altcoin: ETFSwap (ETFS). 🪙💥
ETFSwap is outperforming popular contenders like Shiba Inu ($SHIB ) and Dogecoin ($DOGE ) with its innovative features, market resilience, and dynamic growth potential. 📈✨
Join the conversation on Binance and explore the possibilities with ETFSwap (ETFS). Dive into the future of crypto with us! 💫
🔹Your generous tips help us provide top-tier investment advice! 💙
#CryptoPCEWatch #ETFSwap #BitcoinWhale #CryptoInvestment #Binance
👉 Don't miss out! Start trading ETFSwap (ETFS) on Binance today! $ETH
💰 Bitcoin Whale Nets Massive $885M Profit: A Deep Dive into the Crypto Market Dynamics! 📉🐋
In a significant market move, a Bitcoin whale recently offloaded a staggering 59,000 BTC, reaping an astonishing profit of $885 million. Let's break down the key insights and implications of this whale activity.
1. Market Recap: Bitcoin's Bearish Trend and Recent Slump
Bitcoin has been grappling with a bearish trend since January 12, dragging down the entire crypto market. The slump wiped out multiple support levels, with Bitcoin hitting a low of $41,500. Although the crypto asset swiftly recovered to $42,000, the ongoing battle between bears and bulls has kept prices down.
2. Whale Alert: 59,000 BTC Sale Shakes the Market
Amid low sentiments, a Bitcoin whale executed a noteworthy move by selling 59,000 BTC. Analyst Ali Martinez, citing CryptoQuant’s Bitcoin Spent Output Age Bands, revealed that the whale acquired these tokens three to six months ago at an average price of $26,000.
The sale, which unfolded yesterday, led to a massive profit of $885 million for the whale. This decision comes after the whale held onto the tokens during Bitcoin's peak at $48,969 on Jan. 11, showcasing confidence in a higher price target that, unfortunately, did not materialize.
3. Market Dynamics: Increased Token Dumps and Metrics Analysis
The 59,000 BTC sale is part of a larger trend where long-term holders and whales are actively dumping their tokens. Metrics such as aSOPR, Binary CDD, and Exchange Reserves indicate unfavorable values, with investors selling at a profit, long-term holders moving tokens rapidly, and increased BTC reserves on exchanges.
🌐 Stay Informed, Stay Ahead: Follow The Blockopedia for Real-time Crypto Insights! 🚀📰
#BitcoinWhales #whalenews #BitcoinWhale #cryptocurrency #crypto2024
In a significant market move, a Bitcoin whale recently offloaded a staggering 59,000 BTC, reaping an astonishing profit of $885 million. Let's break down the key insights and implications of this whale activity.
1. Market Recap: Bitcoin's Bearish Trend and Recent Slump
Bitcoin has been grappling with a bearish trend since January 12, dragging down the entire crypto market. The slump wiped out multiple support levels, with Bitcoin hitting a low of $41,500. Although the crypto asset swiftly recovered to $42,000, the ongoing battle between bears and bulls has kept prices down.
2. Whale Alert: 59,000 BTC Sale Shakes the Market
Amid low sentiments, a Bitcoin whale executed a noteworthy move by selling 59,000 BTC. Analyst Ali Martinez, citing CryptoQuant’s Bitcoin Spent Output Age Bands, revealed that the whale acquired these tokens three to six months ago at an average price of $26,000.
The sale, which unfolded yesterday, led to a massive profit of $885 million for the whale. This decision comes after the whale held onto the tokens during Bitcoin's peak at $48,969 on Jan. 11, showcasing confidence in a higher price target that, unfortunately, did not materialize.
3. Market Dynamics: Increased Token Dumps and Metrics Analysis
The 59,000 BTC sale is part of a larger trend where long-term holders and whales are actively dumping their tokens. Metrics such as aSOPR, Binary CDD, and Exchange Reserves indicate unfavorable values, with investors selling at a profit, long-term holders moving tokens rapidly, and increased BTC reserves on exchanges.
🌐 Stay Informed, Stay Ahead: Follow The Blockopedia for Real-time Crypto Insights! 🚀📰
#BitcoinWhales #whalenews #BitcoinWhale #cryptocurrency #crypto2024
Ancient Bitcoin Whale Awakens: Millions in BTC Transferred to Kraken After 15-Year Slumber
In a stunning development, a dormant Bitcoin whale, active since the network's inception, has moved a significant portion of their BTC holdings to Kraken after 15 years of inactivity.
Whale's History
Early Adopter: Mined millions of BTC just a month after Bitcoin's launch in 2009.
Long-Term HODLer: Maintained a substantial stash without any transactions for over a decade.
Recent Activity
Transfer to Kraken: A notable amount of BTC has been transferred to the exchange, raising eyebrows across the market.
Market Speculation: This move has ignited discussions about possible sell-offs or portfolio rebalancing.
Implications and Theories
Market Volatility: The large-scale transfer could significantly impact Bitcoin’s market price.
Institutional Interest: The transfer might suggest interest from institutional investors or involve over-the-counter (OTC) deals.
Regulatory Compliance: The whale may be pursuing regulatory adherence or tax optimization strategies.
Expert Insights
"This ancient whale's awakening could signal a significant shift in market dynamics." - @CryptoAnalyst
"The transfer to Kraken might be a precursor to a larger market move." - @BlockchainExpert
Community Reactions
Excitement: Many Bitcoin enthusiasts are keen to see how this development impacts the market.
Caution: Some community members express concern about potential volatility.
Stay Updated
Follow reputable sources for real-time updates:
1. CoinMarketCap
2. CoinDesk
3. CryptoSlate
Join the Discussion
What do you think about the ancient Bitcoin whale's awakening? Share your thoughts!
#BitcoinWhale #BTC #Cryptocurrency #Write2Earn! #Blockchain
In a stunning development, a dormant Bitcoin whale, active since the network's inception, has moved a significant portion of their BTC holdings to Kraken after 15 years of inactivity.
Whale's History
Early Adopter: Mined millions of BTC just a month after Bitcoin's launch in 2009.
Long-Term HODLer: Maintained a substantial stash without any transactions for over a decade.
Recent Activity
Transfer to Kraken: A notable amount of BTC has been transferred to the exchange, raising eyebrows across the market.
Market Speculation: This move has ignited discussions about possible sell-offs or portfolio rebalancing.
Implications and Theories
Market Volatility: The large-scale transfer could significantly impact Bitcoin’s market price.
Institutional Interest: The transfer might suggest interest from institutional investors or involve over-the-counter (OTC) deals.
Regulatory Compliance: The whale may be pursuing regulatory adherence or tax optimization strategies.
Expert Insights
"This ancient whale's awakening could signal a significant shift in market dynamics." - @CryptoAnalyst
"The transfer to Kraken might be a precursor to a larger market move." - @BlockchainExpert
Community Reactions
Excitement: Many Bitcoin enthusiasts are keen to see how this development impacts the market.
Caution: Some community members express concern about potential volatility.
Stay Updated
Follow reputable sources for real-time updates:
1. CoinMarketCap
2. CoinDesk
3. CryptoSlate
Join the Discussion
What do you think about the ancient Bitcoin whale's awakening? Share your thoughts!
#BitcoinWhale #BTC #Cryptocurrency #Write2Earn! #Blockchain
Ancient Bitcoin Whale Awakens After Years of Inactivity
According to recent #BlockchainData , a long-dormant #BitcoinWhale has reawakened after more than a decade of inactivity.
Activation of a Sleeping Address After 10.7 Years
The blockchain monitoring tool Whale Alert reported the activation of a "sleeping" address containing 41 BTC, currently valued at $2.6 million. This address had remained inactive for over ten years.
Trend of Reviving Old Wallets
This activation is part of a broader trend where long-dormant Bitcoin wallets, often associated with early adopters or miners, are being brought back to life. This particular whale hadn’t moved any Bitcoin for over 10 years, a period during which Bitcoin saw massive price growth.
Bitcoin Market Cycle
This sudden movement aligns with the current market cycle, which is unfolding across the broader crypto space. In a recent tweet, CryptoQuant's CEO Ki Young Ju shared his perspective on the Bitcoin market cycle, which consists of three phases.
First Phase: Old whales become new whales. The activation of long-dormant wallets supports this trend.Second Phase: New whales become small #investors .Third Phase: Small investors hold their Bitcoin long-term, eventually becoming old whales.
Normal Bitcoin Flow to Exchanges
Ju also noted that the flow of bitcoin to exchange wallets remains at normal levels, unlike during the last bear market.
Bitcoin Price Developments
#bitcoin☀️ tested the $64,000 mark again on October 1st, hitting a new monthly high for September. The monthly close at $63,300 marked a 7.3% increase in Bitcoin’s price, making September the best month in Bitcoin’s history.
$BTC Bitcoin dropped to a low of $62,833 on the last day of September but rebounded shortly after. At the time of writing, its price had risen 0.22% in the last 24 hours to $63,991, after reaching intraday highs of $64,106.
Possible Preparation for Another Bull Run ( #bullrun2024📈📈 )
An analysis by CryptoQuant suggested that the market may be gearing up for another upward trend. They pointed out that indicators like the Exchange Flow Multiple were at very low levels before the rise in 2023. Current levels of these indicators are similarly low, which could signal that the market is preparing for another upward trend.
Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“
Activation of a Sleeping Address After 10.7 Years
The blockchain monitoring tool Whale Alert reported the activation of a "sleeping" address containing 41 BTC, currently valued at $2.6 million. This address had remained inactive for over ten years.
Trend of Reviving Old Wallets
This activation is part of a broader trend where long-dormant Bitcoin wallets, often associated with early adopters or miners, are being brought back to life. This particular whale hadn’t moved any Bitcoin for over 10 years, a period during which Bitcoin saw massive price growth.
Bitcoin Market Cycle
This sudden movement aligns with the current market cycle, which is unfolding across the broader crypto space. In a recent tweet, CryptoQuant's CEO Ki Young Ju shared his perspective on the Bitcoin market cycle, which consists of three phases.
First Phase: Old whales become new whales. The activation of long-dormant wallets supports this trend.Second Phase: New whales become small #investors .Third Phase: Small investors hold their Bitcoin long-term, eventually becoming old whales.
Normal Bitcoin Flow to Exchanges
Ju also noted that the flow of bitcoin to exchange wallets remains at normal levels, unlike during the last bear market.
Bitcoin Price Developments
#bitcoin☀️ tested the $64,000 mark again on October 1st, hitting a new monthly high for September. The monthly close at $63,300 marked a 7.3% increase in Bitcoin’s price, making September the best month in Bitcoin’s history.
$BTC Bitcoin dropped to a low of $62,833 on the last day of September but rebounded shortly after. At the time of writing, its price had risen 0.22% in the last 24 hours to $63,991, after reaching intraday highs of $64,106.
Possible Preparation for Another Bull Run ( #bullrun2024📈📈 )
An analysis by CryptoQuant suggested that the market may be gearing up for another upward trend. They pointed out that indicators like the Exchange Flow Multiple were at very low levels before the rise in 2023. Current levels of these indicators are similarly low, which could signal that the market is preparing for another upward trend.
Notice:
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🚨 #BitcoinWhale Alert: An original BTC miner from 2009 just moved $630K to Kraken, summing up to $5.5M over the past two months. Still, they're hodling $75M in #BTC! 🐳💰 #CryptoMoves #Write2Earn
Just In: Bitcoin Whale With $400 Million Worth Of BTC Transfers $62 Million To Binance
In the world of cryptocurrencies, any news about big transactions involving Bitcoin (BTC) can cause a stir in the market. Lookonchain, a blockchain analytics platform, reported today that a BTC whale has transferred a massive amount of Bitcoin to Binance. The whale moved 2,500 BTC, worth around $62 million, to Binance just 30 minutes ago.
This transaction has caught the attention of many investors and traders, as it indicates that the whale might be planning to make a move in the market. The transfer was made from the address 3Qrx7c1f2SmubFMJvKJnFW37YwacQmxDqq, which is one of the largest Bitcoin addresses with over 17,000 BTC. The owner of the address is not known, but it is speculated that it might belong to an institutional investor or a high net worth individual.
What’s interesting about this transfer is that the whale received a total of 15,762 BTC from two major cryptocurrency exchanges, Huobi and Binance, on three different occasions in the past. The transactions took place on Oct. 5, Nov. 11, and Dec. 1, 2022, with an average receiving price of $19,967. This means that if the whale decides to sell the BTC at the current price of $24,862, he could make a profit of $12.24 million.
The cryptocurrency market is known for its volatility, and any large transaction can have a significant impact on the price of Bitcoin. While it’s difficult to predict how this transfer will affect the market, traders and investors are keeping a close eye on the situation.
The transfer to Binance also indicates that the whale might be planning to sell his BTC on the exchange or use it for other purposes. Binance is one of the largest and most popular cryptocurrency exchanges in the world, with a daily spot trading volume of over $36 billion. It’s also known for its high liquidity, making it an ideal platform for traders and investors to buy and sell cryptocurrencies.
The transfer of 2,500 BTC by a whale to Binance has sparked interest and speculation in the cryptocurrency community. While the owner of the address remains unknown, the transaction shows that the whale might be planning to make a move in the market. As always, traders and investors need to keep a close eye on the situation and monitor any changes in the market.
#BTC #Bitcoin #BitcoinWhale #Binance #Whale
This article was republished from azcoinnews.com
This transaction has caught the attention of many investors and traders, as it indicates that the whale might be planning to make a move in the market. The transfer was made from the address 3Qrx7c1f2SmubFMJvKJnFW37YwacQmxDqq, which is one of the largest Bitcoin addresses with over 17,000 BTC. The owner of the address is not known, but it is speculated that it might belong to an institutional investor or a high net worth individual.
What’s interesting about this transfer is that the whale received a total of 15,762 BTC from two major cryptocurrency exchanges, Huobi and Binance, on three different occasions in the past. The transactions took place on Oct. 5, Nov. 11, and Dec. 1, 2022, with an average receiving price of $19,967. This means that if the whale decides to sell the BTC at the current price of $24,862, he could make a profit of $12.24 million.
The cryptocurrency market is known for its volatility, and any large transaction can have a significant impact on the price of Bitcoin. While it’s difficult to predict how this transfer will affect the market, traders and investors are keeping a close eye on the situation.
The transfer to Binance also indicates that the whale might be planning to sell his BTC on the exchange or use it for other purposes. Binance is one of the largest and most popular cryptocurrency exchanges in the world, with a daily spot trading volume of over $36 billion. It’s also known for its high liquidity, making it an ideal platform for traders and investors to buy and sell cryptocurrencies.
The transfer of 2,500 BTC by a whale to Binance has sparked interest and speculation in the cryptocurrency community. While the owner of the address remains unknown, the transaction shows that the whale might be planning to make a move in the market. As always, traders and investors need to keep a close eye on the situation and monitor any changes in the market.
#BTC #Bitcoin #BitcoinWhale #Binance #Whale
This article was republished from azcoinnews.com