In recent days, chain movements have been observed in some #Bitcoin! addresses from the "#satoshi era", generating a lot of expectation in the crypto community. These are not people who bought Bitcoin back then, but the first miners who managed to get a reward for mining blocks in 2009. What are the movements made by the first Bitcoin miners? Let's explore.
On September 20, the #Blockchain @Arkham Intelligence platform detected an unusual movement, and reported that some of the first Bitcoin mining addresses had woken up to make movements.
In total, 5 Bitcoin addresses were detected, which were rewarded for mining different Bitcoin blocks (50 BTC) in January 2009. Since then, they remained dormant.
So now they woke up after almost 16 years and started moving these Bitcoins generated as rewards. According to the report, $16 million dollars worth of Bitcoin (50 BTC x 5 = 250 BTC) were moved to different addresses.
These first 5 addresses have not sold anything yet.
On September 24, Arkham Intelligence detected another Bitcoin address, which was also from a former miner in the early days of Bitcoin. This Bitcoin address is considered an old Bitcoin whale because of the amount of Bitcoin it holds. It currently holds 1,215 BTC equivalent to approximately $77 million USD.
Of their holdings, these whales only moved 5BTC to a centralized exchange.
On the same day, September 24, a new movement of a Bitcoin address was detected, but belonging to a later time of the "Satoshi era". This Bitcoin address remained dormant for 13 years (since 2011), and woke up to move 20 BTC to a centralized exchange. Currently, it only has 30 BTC left.
These are some of the movements detected on the chain that cannot go unnoticed, given the age of the Bitcoin and its destination. Some are beginning to speculate that they are #bitcoins from Satoshi Nakamoto himself and that they are preparing to sell, however, it is not 100% confirmed who these Bitcoins belong to.
Bitcoin is currently struggling to break above the $65,000 mark and with the recent macroeconomic policies, they could generate a boost to the price of Bitcoin in the short term. Given this, I think they may be looking to sell a small part at a higher price.
