July 5, 2025

Several transfers of 10,000 BTC have shocked the entire cryptocurrency community. It is reported that these are several related addresses, meaning that a total of 80,000 bitcoins belong to one person. According to on-chain tracking, these bitcoins belong to early Bitcoin miners. Although there are currently four transfers of 10,000 bitcoins, they are not being deposited into exchanges, so the short-term probability of a direct crash is relatively low. However, if 8 billion dollars worth of Bitcoin is really thrown into the market, the price of Bitcoin would have to drop to at least 80,000. We can only hope that this big player does not directly crash the market.

Based on the timing of the addresses, it can be inferred that this miner's cost for the mined bitcoins was less than 2 dollars, which means the total value is just over 100,000 dollars. The current increase can be calculated. More importantly, the quantity is staggering; with these 80,000 bitcoins, one could directly enter the list of the world's wealthiest. It is said that cryptocurrency changes destinies, and this person holding these bitcoins has not only changed their own destiny but also significantly impacted the destinies of eighteen generations of descendants.

Currently, there are rumors that the holder of these bitcoins was involved with ZKJ back in the day, got convicted for 16 years, and has not yet been released. The reason for the transaction is said to be an attempt to reduce the sentence through money. The credibility of this information is also not very high, but I think that those who can hold onto these bitcoins for so many years are mostly either true believers, or they passively locked them up, entering the situation as the best way. That being said, if you were offered 80,000 bitcoins in exchange for serving 16 years, would you take the deal?

In terms of market conditions, Bitcoin is currently under pressure at 110,000. It must be said that the sudden revelation of this Bitcoin transfer is a somewhat bearish message for the market, with short-term risks of a crash. Looking at the U.S. stock market, it's already hitting new highs, continuing to play music and dance. If the selling pressure from this Bitcoin is resolved or sealed away again, the cryptocurrency market might still consider a bullish outlook. However, even if there is a crash, it cannot stop the trend. The last time was when the German government sold coins, and the impact on the market was smaller than expected.

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