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Over the past decade, I've experienced many moments like this, and each one has strengthened my belief in $BTC.
This time, it was truly a massive undertaking: 107 BTC, worth $8 million, directly burned—impressive! Respect!
Since 2015, "burning" has been a traditional practice in the Bitcoin community. Intentionally burning coins reduces the supply of BTC, essentially creating deflation and increasing its scarcity.
For example, the address 1111111111111111111114oLvT2 mentioned by Blue Fox has already seen 800 BTC transferred into it, making it one of the most famous burning wallets.
This address itself is representative of the burning culture of the past decade. Every large-scale burning of coins trends on social media, sparking discussions about "cyber romance" or "who's so rich/obsessed"—like the transfers to Satoshi Nakamoto's address, it's shrouded in mystery and idealism.
Other burn addresses, such as 1BitcoinEaterAddressDontSendf59kuE and 1CounterpartyXXXXXXXXXXXXXXXUWLpVr, have also been receiving burns for years, accumulating a considerable number of coins burned.
In 2024, the historic moment when BTC entered the ETF, someone bought 27 BTC worth millions of dollars and transferred them to Satoshi Nakamoto's wallet, clearly a tribute to this historical moment. I even wrote a tweet about it.
Now, as my faith in Bitcoin begins to waver, I'm more convinced that these five consecutive burns weren't accidental or meaningless displays of wealth, but rather a signal from an OG to all BTC holders and crypto believers: "We are still here!"
I will continue to hold $BTC, no matter what happens.
#UltimateCyberRomance #Burn #BTCBurn

蓝狐
@lanhubiji
Another major oddity in the crypto circle: A total of 5 transactions, amounting to 107 BTC, were sent to a burn address. Over 8 million USD worth of BTC was permanently destroyed just like that.
The burn address it was sent to is the well-known address:



The big shots in the BTC community know how to play.
Sector:
From Twitter
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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