Mobility in Bitcoin Continues: 2,000 BTC That Have Not Been Moved Since 2010 Have Been Transferred! CryptoQuant CEO Evaluated!

WikiBit 2024-03-28 14:55

While wallets that have been dormant for a long time have recently taken action again, the latest move came from a wallet that has not moved at all since

Bitcoin

While wallets that have been dormant for a long time have recently taken action again, the latest move came from a wallet that has not moved at all since 2010.

Accordingly, an unknown person or organization who earned 2,000 Bitcoins from mining rewards in 2010 combined all their rewards into a single wallet.

While the merging process took place on March 26, 40 mining rewards worth 50 Bitcoins each were combined into a single wallet.

While the Bitcoin price was around $0.30 at the time the mining rewards were earned, the total value of BTC rewards was $600.

Now the Bitcoin price is around $70,000 and its total value has reached around $140 million.

While the reason for these transfers remains unclear, CryptoQuant CEO Ki Joung Ju claimed that these Bitcoin transfers are a sign of a possible liquidity crisis on the selling side.

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