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06:03
Record 80,000 BTC Transfer: What the $8.6B 'Satoshi Era' Wallet Movement Signals for Bitcoin (BTC) Markets

According to @rovercrc, a record-breaking transfer of 80,000 Bitcoin (BTC), worth over $8.6 billion, has occurred from eight wallets that were dormant since the 'Satoshi era' of 2011. On-chain analysis firm Arkham suggests a single entity may control all eight wallets, which originally received the BTC when the price was just 78 cents, according to the source. The funds were moved to new, lower-fee addresses and have not been transferred further. For traders, the movement of these long-dormant coins is a significant event, as any potential sale by an early BTC believer could be interpreted as a shift in market sentiment and potentially introduce selling pressure.

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