{"id":35173,"date":"2022-09-05T06:34:10","date_gmt":"2022-09-05T10:34:10","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=35173"},"modified":"2022-09-05T12:00:07","modified_gmt":"2022-09-05T16:00:07","slug":"a-100000000-bitcoin-whale-from-the-past-makes-a-move","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/a-100000000-bitcoin-whale-from-the-past-makes-a-move\/","title":{"rendered":"$100,000,000 Ancient Bitcoin Whale Makes a Move"},"content":{"rendered":"\n
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Bitcoin Whale <\/figcaption><\/figure>\n\n\n\n

OKLink\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a>, a blockchain explorer, has shown that in 2013, 5,000 BTC (about $100 million) were transmitted to Kraken from a Bitcoin whale address.You can learn more at https:\/\/u.today\/ancient-bitcoin-whale-moves-100-million.<\/p>\n\n\n\n

The most recent recorded activity for this address dates back to May of 2021. In the last few weeks, a large number of whale wallets have emerged from their winter slumber, as reported by U.Today.<\/p>\n\n\n\n

In a coordinated effort, funds held at addresses that were set up nearly a decade ago began to be transferred. <\/p>\n\n\n\n

This may indicate growing selling pressure from long-term holders, as suggested by the analysis shared by crypto research firm CryptoQuant. <\/p>\n\n\n\n

Large players, however, are more likely to liquidate holdings through over-the-counter desks, so even if they decide to sell a large quantity of Bitcoins simultaneously, they will not significantly affect the price of the cryptocurrency. <\/p>\n\n\n\n

There's also the possibility that whales are just shuffling their coins around.<\/p>\n\n\n\n

Bitcoin failed to outperform every other asset class in August and has had a hard time bouncing back so far in September. For the sixth trading session in a row, it has been trading at or below $20,000.<\/p>\n\n\n\n

Satoshi-era currency<\/h3>\n\n\n\n

There is some speculation that coin transfers from very old wallets may have some connection to the original cryptocurrency's unidentified developer. <\/p>\n\n\n\n

The nearly $20 million in Bitcoins<\/a> were transferred in March from a wallet created during the time of Satoshi Nakamoto and dating back to 2010. <\/p>\n\n\n\n

Back in April, another ancient wallet also completed a similar transaction. <\/p>\n\n\n\n

However, it is highly unlikely that Satoshi is involved in any of these deals.<\/p>\n","protected":false},"excerpt":{"rendered":"

OKLink , a blockchain explorer, has shown that in 2013, 5,000 BTC (about $100 million) were transmitted to Kraken from a Bitcoin whale address.You can learn more at https:\/\/u.today\/ancient-bitcoin-whale-moves-100-million. The most recent recorded activity for this address dates back to May of 2021. In the last few weeks, a large number of whale wallets have […]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[5392,152,132,197],"class_list":["post-35173","post","type-post","status-publish","format-standard","hentry","category-news","tag-cryptocurrency-2","tag-bitcoin","tag-crypto","tag-defi"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/35173","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=35173"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/35173\/revisions"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=35173"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=35173"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=35173"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}