🟢 Today's event: the awakening of old whales and the movement of 40,000 bitcoins after 14 years of inactivity!
💬 In a rare and exciting scene, today, four dormant Bitcoin wallets from 2011 moved, each containing 10,000 BTC, worth nearly $1 billion per wallet. With a fifth new transfer, the total transfers today reached 50,000 BTC, equivalent to more than $5 billion. 💲
#⃣ Historical background: where the story began;
⬅️ In April 2011, when the price of Bitcoin was less than $0.86, similar movements began from a party owning more than half a million bitcoins.
⬅️ The first batch was split into 10,000 + 10,000 + 3,000 BTC, then small wallet merges began to facilitate market control.
⬅️ By May 2011, 245,000 BTC were accumulated, then the amount rose to 300,000 BTC in one wallet.
💎 The result; the price jumped from $0.86 to $7 in just one month, then reached $29 in June 2011.
💎 They moved in January 2021 and the price was affected when it was $41,000, dropping to $28,000, then peaked at $64,000.
💎 Therefore, their quantity movements will definitely have a clear impact on the price soon.
#⃣ Where those quantities settled:
⬅️ At the Chinese mining company F2Pool, owned by Chun Wang and Shixing Mao, 432,000 BTC were observed.
⬅️ Indicating that these movements were part of a strategic plan to raise the price or redistribute the quantities.
#⃣ Current movements: what's happening today:
⬅️ Dormant wallets were activated from 14.2 to 14.3 years, containing bitcoins mined when their value was less than $34.
⬅️ The timing of the simultaneous transfers and the matching quantities indicate that the owner is one.
💬 The price has not been affected so far, suggesting that the transfers were made off-market or between wallets belonging to the same entity.
✅ The logical possibilities behind these movements:
👈 An internal transfer between the owner's wallets.
👈 OTC sale (over-the-counter) to avoid impacting the price.
👈 A security breach of old wallets (a low but possible probability).
❕ The question that puzzles everyone:
Is the goal of moving these quantities to raise the price again as happened in 2011? Or is there an intention for gradual liquidation without drawing attention? 🤔
📌 The answer is coming... but it is certain that these movements are not random, and the market is set for developments.
#Bitcoin #Transfers #Dormant_Wallets #Waking_Whales #Crypto_Markets #Investment #Bitcoin_History #فوركس #Write2Earn
