Two Bitcoin whales from the Satoshi era moved $325 million in BTC
The current dynamics of the cryptocurrency market encourage long-time large holders to reactivate their investments. The most recent case involves two Bitcoin whales that had remained inactive since 2014. These wallets from the Satoshi era made movements of large sums, which caught the community's attention.
According to data from Spot On Chain, the mentioned addresses transferred their coins to new wallets. In total, this involves 3,422 bitcoins, valued at $322.5 million at the current price of the largest virtual currency. Despite this significant sum of tokens and what the awakening of old wallets represents, the transactions do not appear to be possible sales.
Basically, the transactions were a change of accumulation wallets, which is generally interpreted as a rotation. Rotations are a possible way to update the security measures of the funds. There are several factors that may motivate old whales to move funds, including a change of ownership, recovery of lost keys, or others.
In any case, the two whales seem unlikely to operate a sale of Bitcoin, at least one that contributes to greater liquidity in the market. In that sense, if it is a profit-taking move, it occurred quietly and the buyer does not change the status of holding the coins.
