2024-03-06 20:01:15
On March 1, 2024, a famous Bitcoin whale made an extremely interesting move. The whale moved 2,000 bitcoins from 2010, then on March 5th, the day of bitcoin’s all-time high moved another 1000 bitcoins from 2010. This whale was first identified in March 2020 and now, with its movement on the fifth of March, it has moved nearly 70 million dollars in coins. Coins mined between August 2010 and November 2010. Back when a coin was barely $0.39. A total of 20 block rewards were transferred from 2010, the related transactions appeared in block 833219.
One of the most mysterious Bitcoin whales has moved once more
By the way, this current activity reflects the whale’s previous activity pattern. All 20 wallets in 2010 used Pay-to-Public-Key-Hash (P2PKH) addresses, and the funds were merged into a single Pay-to-Script-Hash (P2SH) address labeled “36i1W”. Since then, the 1000 BTC has already been moved from the original P2SH consolidation address. Tuesday’s step was taken by the btcparser.comwas unearthed by a blockchain analyst tracking thousands of so-called “dormant bitcoin” addresses from 2009 to 2017.
Interestingly, the relevant bitcoin cash (BCH) coins associated with the 2010 BTC 20 have also been moved. This was already the 16th observed move of the mysterious whale. Up to this point, the 2010 entity has moved a staggering 17,000 BTC from inactive addresses. It can also be observed that the whale often chooses memorable times for movements. So, for example, the milestones of the exchange rate or notable dates in the history of bitcoin. The first appearance of the whale was observed on March 11, 2020, when the price of BTC fluctuated between $7.953 and $4,000.
After the activity in March 2020, the whale did nothing until October 2020. It then continued to move on a monthly basis until March 2021, including two separate occasions in November 2020 and three in January 2021. After a short break, the whale reappeared on June 9, 2021, and once more in November 2021. The whale disappeared once more until the end of 2023, then appeared for the last time on December 4. And now, at the time of bitcoin’s all-time high. These kinds of movements point to the mysterious aspect of the bitcoin world, where the movements of unknown entities affect the exchange rate, the market and show the opportunities that early fanatics can take advantage of now.
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