๐ A Bitcoin Whale Wakes Up After 14 Years .
This crypto whale controls around 8 wallets. Two of them received 20,000 BTC each on April 2, 2011, when Bitcoin was worth $0.78. At that time, the transfer totaled $15,600 โ now it's worth about $2.18 billion. ๐ฎ
The remaining six wallets received a total of 60,009 BTC on May 4, 2011, when Bitcoin reached $3.37. Back then, it was worth $202,000, now approximately $6.52 billion.
๐ As of this post, all 8 wallets have "woken up" after 14 years of inactivity and moved a total of 80,009 BTC โ valued at $8.69 billion.
โ Who Is This Mysterious Whale and What Happens Next?
Analysts believe this is likely an early Bitcoin miner from 2011. According to some sources, this person or group once controlled over 200,000 BTC.
๐ค Why did they wake up after 14 years?
There are several theories:
Selling at the top of the cycle โ Current prices might seem ideal for cashing out.
Asset relocation โ The owners might simply be moving their funds to newer, more secure wallets.
Institutional buyout โ It's possible that an over-the-counter (OTC) deal was made with major investment funds.
๐ด What could happen next? Potential scenarios:
Price pressure โ If all 80,000 BTC were to hit spot exchanges at once, it could cause a crash of 10โ30% or more.
For comparison: In 2021โ2022, the sale of 10โ20K BTC triggered drops of $5,000โ10,000 in price. This current volume is 4โ8 times larger, and could push the price temporarily below $80,000.
๐ Most likely scenario: OTC sale
Whales may be selling directly to funds through private deals, often below market price. In this case:
โข Funds acquire BTC at a discount
โข Whales lock in massive profits
โข The market avoids major sell-side pressure
This kind of quiet, strategic exit is typical for whales who want to avoid crashing the market.
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