The two whale of Bitcoin wake up at the same time after sleeping for 11 years! Arbitrage 833 BTC, plan to get rich successfully?
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After Trump's successful presidential election, the market's expectations for Trump's previously promised encryption policy have increased significantly, driving Bitcoin to soar from $69,000 to break through $99,000 and attempt to hit the $100,000 mark.
Against the backdrop of Bitcoin's surge, not only have existing Bitcoin whales started to cash in, but even Bitcoin whale wallets that have been dormant for more than 10 years have also started to stir.
Whale Alert, a blockchain monitoring account, has tracked two Bitcoin whales that have been dormant for 10.9 years, holding 404 BTC and 429 BTC (a total of $80.77 million) respectively, who have become active again in the past 4 hours.
As for whether this revival is for the purpose of profit-taking, it is currently unclear. However, given the amount of Bitcoin held by the two whales, even if they choose to sell, the impact on the Bitcoin price will be relatively limited, so investors need not worry too much.
On the other hand, according to a previous report by BlockTempo, the Bitcoin research institute BTCparser proposed a new theory in an article published on November 19, that "Satoshi Nakamoto may be a 2010 Bitcoin whale".
The article states that Satoshi Nakamoto may have resumed mining under another identity in 2010 and accumulated thousands of Bitcoins. As the price has risen, he has begun to strategically sell these tokens since 2019.
So far, this "2010 whale" has transferred 24,000 Bitcoins through the same pattern, with the first transfer occurring in November 2019 and the most recent one on November 15, 2024.
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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