Bitcoin

Million

April

<p class="p1" style="text-align: justify;">A wallet holding 1,037 <a href="https://en.coin-turk.com/hot-development-fed-rate-announcements-when-will-powell-speak-this-week-crypto-on-alert/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin</a> worth $31 million, based on the current value of Bitcoin, woke up from an 11-year slumber and transferred its entire accumulation. According to BitInfoCharts, the 1,037 <a href="https://en.coin-turk.com/renowned-crypto-analyst-dave-the-wave-shares-new-predictions-for-litecoin-and-bitcoin/" data-wpel-link="internal" rel="noopener noreferrer nofollow">BTC</a> was transferred when it was valued at $29,956. This transfer took effect on July 22nd at 10:51 UTC. Whale movements like these are closely monitored by many institutions and investors as they can cause volatility in the price of Bitcoin or lead to various rumors.</p> 
<h2 style="text-align: justify;" id="5-100-investment-now-worth-31-million">$5,100 Investment Now Worth $31 Million!</h2> 
<p class="p1" style="text-align: justify;">According to the blockchain analytics platform Lookonchain, the dormant address acquired 1,037 Bitcoin on April 11, 2012, when the price of Bitcoin was only $4.92. This indicates that the investor purchased Bitcoin worth $5,108 at that time.</p> 
<p style="text-align: justify;"><img decoding="async" class="aligncenter wp-image-239502" src="https://coin-turk.com/wp-content/uploads/2023/07/Ekran-Resmi-2023-07-24-11.41.45.png" alt="" width="510" height="603"></p> 
<p class="p1" style="text-align: justify;">Data from the blockchain collector Blockchair shows that the wallet address “bc1qt180…” seemingly acquired $31 million worth of Bitcoin.</p> 
<p class="p1" style="text-align: justify;">According to the cryptocurrency price platform CoinGecko, the balance of the Bitcoin wallet reached $71.6 million when it peaked at $69,004 on November 10, 2021, the all-time high.</p> 
<h2 style="text-align: justify;" id="mysterious-transfers-and-million-dollar-transactions">Mysterious Transfers and Million-Dollar Transactions</h2> 
<p>On July 12, the US government conducted one of the largest BTC transactions, acquiring approximately 10,000 BTC worth around $299 million, related to the seizure of Silk Road. It is unclear whether the transactions remained on cryptocurrency exchanges or came under the supervision of the Department of Justice.</p> 
<p class="p1" style="text-align: justify;">On June 11, another Bitcoin whale transferred 1,400 BTC worth $36 million to a different address. Ki Young Ju, CEO of <a href="https://en.coin-turk.com/what-is-tether-usdt/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Crypto</a>Quant, believes that the purpose of this transaction may be to increase privacy.</p> 
<p class="p1" style="text-align: justify;">According to Lookonchain, in early April, a Bitcoin whale transferred 2,071 Bitcoin that was purchased for $663 per unit, which is now worth nearly $60 million, after 10 years.</p> 
<p class="p1" style="text-align: justify;">Three months ago, a massive transfer of $250 million worth of Bitcoin was made by another Bitcoin address. The wallet’s value exceeded $1 billion when the transfer reached approximately 26,056 Bitcoin at the all-time high price of Bitcoin.</p> 
<h2 id="55-of-bitcoin-supply-hasn-t-moved-for-two-years">55% of Bitcoin Supply Hasn’t Moved for Two Years</h2> 
<p class="p1">According to a table shared by cryptocurrency researcher Will Clemente from the blockchain analytics firm Glassnode, despite several high-value transfers, more than 55% of Bitcoin supply has remained dormant for over two years.</p> 
<p><img decoding="async" class="aligncenter wp-image-239529" src="https://coin-turk.com/wp-content/uploads/2023/07/Ekran-Resmi-2023-07-24-12.42.40.png" alt="" width="596" height="615"></p> 
<p class="p1"><strong>Bitcoin</strong> is currently priced at $30,082. According to CoinGecko, while Bitcoin’s price has increased by 81.8% in 2023, it is still down by 56.4% from its all-time high reached in November 2021.</p> 
<h5>The post <a href="https://en.coin-turk.com/31-million-dollar-bitcoin-transfer-occurred-after-11-years-of-dormancy/" data-wpel-link="internal" rel="noopener noreferrer nofollow">31 Million Dollar Bitcoin Transfer Occurred After 11 Years of Dormancy!</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal" rel="noopener noreferrer nofollow">COINTURK NEWS.</a></h5>

31 Million Dollar Bitcoin Transfer Occurred After 11 Years of Dormancy!

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