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Bitcoin (BTC) Hodlers From 2010 Begin Moving Funds: Details

Wed, 03/11/2020 - 00:57
Vladislav Sopov
800 Bitcoins (BTC) were moved today in early morning hours from a group of addresses. This may have gone unnoticed amid numerous insane whale moves except for one thing
Cover image via www.shutterstock.com
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Very interesting transactions were noticed today by the BTCparsers automated blockchain explorer system. A Bitcoin (BTC) whale moved 800 BTC from 16 addresses in three minutes. All addresses have something in common.

He has waited ten years for this moment

All 16 accounts in the Bitcoin (BTC) network were created in August, September and October of 2010. Q3, 2010 witnessed the first-ever prominent Bitcoin (BTC) price when it surged from around $0.0008 to $0.08. Maybe, the mysterious hodler created his wallets after becoming inspired by this rally.

Image by BTCparsers

As a result, if he/she decides to sell these riches, it could be one of the most profitable investments ever with an enormous ROI of 8.8M%. At printing time, the flagship cryptocurrency is trading at $7,830 on major spot exchanges.

By the way, this step would greatly strengthen the bearish narrative as Bitcoin (BTC) fails to return to the $8,000 level, let alone win back its recent 16.9% crash. 

Wallets of Satoshi?

The wallets from 2009 and 2010 are of particular interest for the crypto community as some of the funds in the wallets may allegedly belong to the anonymous author of the Bitcoin (BTC) protocol, Satoshi Nakamoto. As for the abovementioned wallets, we already know that they are accessible, due to such movements. 

Their private keys are not lost, their owner is alive and still interested in Bitcoin (BTC). At the moment, according to BTCparsers, 33,619 wallets received mining rewards in 2009-2010. Obviously, the vast majority of them are unobtainable for their creators.

Bitcoin's Dormant State Could Be Precursor to Dramatic Shifts: Analyst

The quantity of dormant Bitcoin (BTC) wallets is an interesting indicator of Bitcoin network macroeconomics. For instance, as U. Today previously reported, in 2019, the number of Bitcoin (BTC) hodlers that haven't touched their assets for six months, reached an all-time high right before the turbulent Q3-Q4.

About the author

 Blockchain Analyst & Writer with scientific background. 5+ years in IT-analytics, 2+ years in blockhain. Worked in independent analysis (Crypto Briefing) as well as in start-ups (Swap.online, Monoreto, Attic Lab etc.)

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