Markets· ★★★· bearish·

Bitcoin OG Whale Moves $1.7M After 15 Years of Dormancy

  • —20.43 BTC worth about $1.7 million moved in two separate transfers
  • —Original cost was roughly $70 at a BTC price of $3–4
  • —First transfer: 10.33 BTC worth $863,000, received May 8, 2011
  • —Second transfer: 10.10 BTC worth $844,000, received May 1, 2011
Why it matters: The awakening of long-dormant wallets adds to concerns over selling pressure as spot demand for Bitcoin remains weak.
#BTC
Source: ZyCrypto
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