⛔️ Whale Waking Season ⛔️

⛔️ Whale Awakening Season ⛔️

👀 Another mysterious Bitcoin whale from 2019 has "awakened"

- Transferred 6,000 Bitcoin ($649 million) to a new wallet "bc1q ..."

They say Satoshi Nakamoto has awakened 😵 !! And they also say Keith from 2011 is playing ⚠️

Save the thread to return to it - let's see 🧵👇

Someone asked AI about Satoshi starting to sell his coins, and this was his answer 👇

❗️This may signify a transition to a new address format:

➤ All source addresses started with "1..." (Legacy / P2PKH), and recipient addresses started with "bc1q..." (Original SegWit, bech32).

❗️Why move coins from Legacy addresses to SegWit (bech32)?

➤ Reduced future fees.

➤ bc1q addresses can be easily upgraded to Taproot (bc1p...), opening the door for aggregated and multi-signature (Schnorr) signatures and future protocols (MuSig2, CISA) that are cheaper and more private.

➤ Keys from 2011 often contained an "uncompressed" public key, making them easier to attack in a hypothetical quantum hack. Transitioning to new addresses allows you to create a new key pair.

➤ Modern hardware wallets (Ledger, Trezor, and others) natively work with bech32, but directly importing old raw privacy keys may be inconvenient.

➤ This could also be preparation for sale. Address cleanliness is required the night before an over-the-counter transaction or a new collateralized loan in coins, necessitating the transfer of coins to "more modern" outputs.

Finally, the conspiracy theory about the whale with 80,000 Bitcoin 💸 who they say is preparing to sell it and is in the process of transferring it.

In general, always prepare for such scenarios - nothing is too far-fetched in crypto.