Owner of a "Sleeping" Wallet Transfers 20,000 $BTC to New Addresses, Now Claims $2.18 Billion
On July 4, 20,000 BTC, valued at $2.18 billion, were transferred from two Bitcoin wallets that had been inactive for 14 years. These coins were acquired in 2011 for $0.78, representing a potentially significant profit today.
The owner of a "sleeping" wallet has moved 20,000 Bitcoins to new addresses and is now claiming $2.18 billion. Two Bitcoin wallets, inactive for 14 years, collectively transferred 20,000 BTC worth approximately $2.18 billion on July 4. The initial acquisition cost is significantly exceeded by the current value.
Details
Two Bitcoin wallets, collectively holding $2.18 billion in BTC, were activated on July 3 after more than a 14-year hiatus.
The movements were first noticed by blockchain expert Whale Alert, and later by Lookonchain.
The transactions were made from different addresses, each holding 10,000 BTC since April 3, 2011, when the asset's price was approximately $0.78.
Reference
The wallets received these coins on April 3, 2011. At that time, Bitcoin was trading at about 78 cents.
During this period, the value of 20,000 Bitcoins increased from $7,800 at that time to $2.18 billion.
Experts Predict New ATH
The exact reason for the transfers, as well as other details such as the owners of the addresses or whether they belong to a single individual or company, remain unknown.
Transfers to addresses may be strategic, as market analysts predict that Bitcoin will soon set a new All-Time High (ATH).
BTC may be only 2 weeks away from setting a new record peak.
— explains well-known analyst and trader Michaël van de Poppe.
"(Bitcoin) is consolidating above $108,000, and I assume we will start seeing a new ATH within the next 1-2 weeks due to this upward pressure."
— says the expert.
