šØĀ UPDATE: Dormant Bitcoin Whale Awakens šš°
Eight wallets inactive since 2011 have reactivated, movingĀ 80,009Ā ļæ¼$BTCĀ (~$8.69B) in eight transactions. These coins were originally mined or acquired at prices as low asĀ $0.78ā$3.37
The whale appears to controlĀ 161,326 BTCĀ (~$17.4B), redistributing inĀ 10,000 BTC batchesĀ to new addresses ā one of the largest-ever movements of early-mined Bitcoin
š„ All coins currently remain untouched in new wallets. No signs of selling yet, and none of the BTC has hit public markets. An OTC deal may already be in motion, possibly involving an institutional buyer or major entity
š¦ In the race to acquire Bitcoin, a purchase of this scale could significantly shift the balance ā whether itās a government, BlackRock, Coinbase, Binance, or a new treasury like Twenty One
We're still watching closely!
No need for panic ā but this isĀ big.
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