Whales Move Over $4 Billion in BTC During Sunday’s Market Carnage, 150 Bitcoin from 2010 Spent – Bitcoin News
After the value of bitcoin and a host of other mysterious bundles fell on Sunday, a number of significant movements of whales were observed. During Sunday morning’s trading sessions (EST), an old-school miner transferred three decade-old rewards to a coinbase containing 150 bitcoins worth more than $8.5 million. Late in the evening, just before the transition to Sunday, two big whale trades from Binance resulted in three huge new portfolios. One wallet contains 58,000 bitcoins worth more than $3.3 billion at the current exchange rate.
More than $4 billion in bitcoins were transferred yesterday
Yesterday, the 18th. April 2021, Bitcoin.com News, Btcparser.com and members of the Goldfoundinsh* TV team have spotted some interesting onchain transactions. This came five days after researchers from Goldfoundinsh*t and Bitcoin.com discovered that 12,000 BTC from a 2016 Bitfinex hack had been moved to a series of unknown wallets. On that day, bitcoin (BTC) reached three all-time highs and on the 14th. April 2021 the final ATH mark of $64,895 each.
Sunday, the 18th. In April, the price of BTC dropped to $51,541 each after a huge drop in the SHA256 hashrate and rumors that the US Treasury Department would crack down on the cryptocurrency industry. During Sunday’s trading sessions, there were several whale movements and even a transfer of dormant bitcoins.
A little fresh air after 11. (EST), the two operations processed at block heights 679.739 and 679.743 were changed to three new whale addresses. The bitcoin address name suggests that the funds come from the popular cryptocurrency exchange Binance, and the newly created addresses would be new cold wallets.
A member of the Goldfoundinsh*t team discussed the situation with Bitcoin.com News. These are the first and second whale movements that appeared on our Btcparser2 radar last night. Two transactions resulted in three new portfolios:
3LQeSjqS5aXJVCDGSHPR88QvjheTwrhP8N +58.814 BTC – Probably a new cold wallet from Binance.
3ByPaZmZanFv1sMalVu8sdorPugebkZi +20 498 BtD
3LYJfcfHPXYJreMsASk2jkn69LWEYKzexb +11.000 BTC
It is not known whether the transfer was a reorganization of portfolios or an ongoing OTC transaction. Finally, we don’t know who the real owners of the new wallets containing thousands of bitcoins are, noted a team member at Goldfoundinsh*t. Surprisingly, the timing of such a major restructuring (as 68k BTC has not been touched since August last year) and yesterday’s significant collapse in the bitcoin price coincide, the researcher added.
$8.5 million in bitcoins since 2010, issued after a hiatus of more than a decade
Moreover, the 150 bitcoins were transferred in 2010 when the price of BTC had already fallen several hours earlier. The 150 BTC worth $8.5 million so far were sold on the 13th. July 2010 and are probably produced by the same company. The first Coinbase price was issued for the 679.688 block level, and then two more Coinbase 2010 prices were issued for the 679.692 block level, all on the same day. In April 2010, there were not many transfers of rewards to the mint base, in contrast to the recent issues of 20 block rewards on various occasions.
The last issue of 10-year base coins was on the 10th. April 2021, four days before the ATH BTC. The same caliber from 2010 was seen the day before, on the 9th. April, published. The last time the mega-ball, which gives out 20 prize blocks at a time, gave out coins was on the 23rd. March 2021. Looks like a whale of a jump in April, or maybe the transfer of over 10,000 BTC has stopped since 2010. Either way, the figureheads and big crypto fish are moving huge amounts of BTC because prices have never been higher.
What do you think of yesterday’s huge move by Beans and the waste of the 2010 coin awards? Let us know what you think in the comments below.
Photo credit: Shutterstock, Pixabay, Wiki Commons, Btcparser.com, Holyroger.com, Goldfoundinsh*t Team,
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