Recent Transfer of $3.28 Million Bitcoin from 2010 Wallet to Coinbase Sparks Market Attention

Monday, 15 April 2024, 13:00
An unprecedented event occurred in the crypto world as a Bitcoin wallet dormant since 2010 transferred $3.28 million worth of BTC to Coinbase, causing speculation and raising questions about the market impact. This transfer, coupled with trends of long-term Bitcoin holders selling off, triggers discussions on potential market shifts and the behavior of major investors.
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Recent Transfer of $3.28 Million Bitcoin from 2010 Wallet to Coinbase Sparks Market Attention

Dormant Bitcoin Wallet From 2010 Awakens, Moves $3.28 Million to Coinbase

A Bitcoin whale who mined BTC in 2010 transferred $3.28 million to Coinbase, sparking market speculation.

On-chain Data Reveals Early Miner

  • An early Bitcoin miner received the BTC as a mining reward in 2010.
  • Whale Activity Impact: Large transactions by these early adopters can potentially influence market sentiment.

Historically, major whale sell-offs act as bearish signals, hinting at profit-taking. Although motives for the recent transfer remain unknown, it underscores Bitcoin's enduring nature and the wealth held by early participants.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.

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