TheAtk
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#BTCWhaleMovement One of the oldest Bitcoin whales has reactivated its funds after 14 years of inactivity, moving 80,000 BTC valued at over 8.6 billion dollars. This operation, conducted on July 4, 2025, has generated a whirlwind of speculation in the crypto ecosystem.
The funds were transferred in blocks of 10,000 BTC from eight wallets created in 2011, when the price of Bitcoin ranged between 0.78 and 3.37 dollars. So far, no movements towards exchanges have been detected, suggesting that there is no immediate intention to sell, although the market remains on alert.
Among the most discussed theories are:
– Possible hacking: a test transaction in Bitcoin Cash (BCH) was detected hours before the movement, which some interpret as a verification of access to the private keys.
– Custody restructuring: it could be a migration to newer, more secure or multisig wallets.
– Strategic sale or hedging: although there is no direct selling pressure, the size of the movement could anticipate a future redistribution of liquidity.
– Rumors of state involvement: some speculate that governments may be involved, either acquiring BTC for reserves or collaborating with former holders.
This event not only revives the mystery of the early miners but also raises questions about the security of private keys, the evolution of custody, and the role of whales in market stability. For now, the funds remain in new addresses, and the ecosystem continues to watch for any signs of additional movement.
The funds were transferred in blocks of 10,000 BTC from eight wallets created in 2011, when the price of Bitcoin ranged between 0.78 and 3.37 dollars. So far, no movements towards exchanges have been detected, suggesting that there is no immediate intention to sell, although the market remains on alert.
Among the most discussed theories are:
– Possible hacking: a test transaction in Bitcoin Cash (BCH) was detected hours before the movement, which some interpret as a verification of access to the private keys.
– Custody restructuring: it could be a migration to newer, more secure or multisig wallets.
– Strategic sale or hedging: although there is no direct selling pressure, the size of the movement could anticipate a future redistribution of liquidity.
– Rumors of state involvement: some speculate that governments may be involved, either acquiring BTC for reserves or collaborating with former holders.
This event not only revives the mystery of the early miners but also raises questions about the security of private keys, the evolution of custody, and the role of whales in market stability. For now, the funds remain in new addresses, and the ecosystem continues to watch for any signs of additional movement.
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