A bitcoin miner active during the so-called Satoshi era has moved more than $181 million worth of bitcoin after years of inactivity.
This is the first time this has happened since November 2024, when bitcoin was at around $91,000.
Julio Moreno said.
Historically, Satoshi-era miners move their bitcoin at key inflection points.
Julio Moreno said.
Blockchain data showed the coins were sent from early Pay-to-Public-Key wallets to addresses linked to Coinbase.
A miner just sold 2,000 bitcoin from block rewards dormant since 2010.
Sani said.
The transfer followed recent activity from two early bitcoin whales whose wallets had been inactive for more than a decade.
Analysts noted that whale movements often fuel speculation that long-term holders are responding to changing market conditions.
Bitcoin prices remained above $90,000 despite the large transfer.
VanEck said bitcoin could reach $2.9 million by 2050 if adoption by governments and major institutions accelerates.
In a hyper-Bitcoinisation scenario, the implied value per coin could reach $53.4 million.
Matthew Sigel and Patrick Bush said.
At the time of reporting, Bitcoin price was $91,690.92.