A mysterious Bitcoin (BTC) Wallet from the Satoshi era has suddenly come to life after more than 14 years inactivity. A total of 10,000 BTC, with an estimated value of more than 1 billion dollars, was moved. The remarkable moment at which this happens, just before a potential new all-time high from Bitcoin, raises questions within the crypto world.

Whale makes a monster profit after years of silence

According to Blockchain analysis platform Spot On Chain, the wallet was last active on April 3, 2011, when Bitcoin cost less than a dollar each. This means that the owner now books an astronomical return of more than 140,000x on his original investment of less than 10,000 dollars.

The coins were recently moved to a new address. Whether this means that the Whale wants to sell is not yet to be said. Analysts do note that such movements often precede sales activity, because investors usually empty their cold wallets when they prepare for a sale.

Trust among long -term investors remains strong

Yet on-chain data give a mixed image. For example, Sentora says: “This redistribution does not point to weakness, but on a more mature market.” It would be a healthy distribution of older coins, which is positive for Bitcoin in the long term.

In addition, Glassnode data shows that the “liveliness” indicator, which indicates how much BTC is being issued, is falling further. This means that long -term investors hold their positions, even now that Bitcoin is close to his highest race ever. The number of Bitcoin that has not been moved for more than 155 days is currently on a record of 14.7 million BTC.

Institutional interest continues to grow

In the meantime, more and more companies are expanding their bitcoin positions. For example, Fragbite Group saw its share rise by 64 percent after an investment in BTC. Vanadi Coffee, Belgravia Hartford and Green Minerals also announced new Bitcoin treasury plans with investments up to more than 1 billion dollars.

And these four companies are just the tip of the iceberg. According to analysts, these purchases confirm that Bitcoin is increasingly being seen as a strategic reserve, even now that the market is exploring new heights.

Crypto dealer Cryptofayz predicts that Bitcoin, when breaking the all-time high of $ 112,000, can push through to $ 116,000. The British Bank Standard Chartered and the asset manager Bernstein even aim at $ 200,000 by the end of 2025, while Arthur Hayes, former CEO of Bitmex, predicts an even more ambitious goal of 250,000 dollars for this year.

Source: https://newsbit.nl/stokoude-wallet-verplaatst-plots-1-miljard-aan-bitcoins-markt-speculeert/



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