Arkham, a blockchain intelligence firm, reported that an $8.6 billion Bitcoin transfer occurred on Thursday, marking the first movement of these coins in over 14 years. The firm indicated that there are no signs suggesting the owner intends to sell. Instead, the eight transactions, each moving 10,000 Bitcoin from long-dormant wallets, may be linked to an upgrade from legacy wallets to Native SegWit addresses, which offer enhanced security and reduced fees. Arkham noted that these wallets were last active in 2011. Meanwhile, 10x Research stated that while there’s no evidence of an impending sale, early Bitcoin holders are gradually selling to meet ETF and corporate treasury demands. Coinbase’s Conor Grogan raised concerns about a potential hack, suggesting that if true, it could represent the largest theft in history. The crypto community reacted with mixed feelings, with Binance's former CEO joking about missing out on early Bitcoin opportunities. Read more AI-generated news on: https://app.chaingpt.org/news

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