Satoshi

Bitcoin

<figure>
 <figcaption>
 Cover image via <a href="https://u.today/" rel="noopener noreferrer nofollow">U.Today</a>
 </figcaption>
</figure>
When massive amounts of <a href="https://twitter.com/WuBlockchain/status/1719908567300690192%D0%B3%D1%84" rel="noopener noreferrer nofollow">Bitcoin</a> (BTC) start to move, the crypto community sits up and takes notice. Today, an enormous transfer took place that is sending waves of interest throughout the community. Three Bitcoin whale addresses, which have been dormant for nearly six years, have just transferred a staggering 6,500 Bitcoins. With a current market value of around $230 million, these are no small <a href="https://u.today/top-trader-peter-brandt-identifies-bullish-signals-on-ethereum-price-chart" rel="noopener noreferrer nofollow">transactions</a>.
These addresses have piqued interest primarily because of their dormant state. All the Bitcoins in these three wallets were transferred on Nov. 5, 2017, and have not seen any activity since then. This prolonged inactivity is intriguing and raises questions about the motives behind such a move after an extended period. <img alt="BTC chart" data-entity-type="file" data-entity-uuid="b968b0c9-cb9d-4bf2-9650-fd29913d55e4" src="https://u.today/sites/default/files/inline-images/image_195.png">Source: <a href="https://www.tradingview.com/" rel="noopener noreferrer nofollow">TradingView</a>
But what makes these transfers even more fascinating is the historical pedigree of the Bitcoin involved. The source of this <a href="https://u.today/bitcoin-flirts-with-36000-as-rally-seems-unstoppable" rel="noopener noreferrer nofollow">Bitcoin</a> traces back to a transfer from July 2011. This period is often referred to as the "Satoshi Era" - a time when Bitcoin's pseudonymous creator, Satoshi Nakamoto, was still believed to be active in the community.&nbsp;
Such early transactions are historically significant and are viewed with a kind of reverence in the crypto space. Moreover, some of these Bitcoins appear to have links to F2Pool, as identified by bitinfocharts. Given F2Pool's reputation as one of the earliest Bitcoin mining pools, it is plausible to assume that some early miners are behind these transactions.
Speaking of price appreciation, a brief review of Bitcoin's recent performance shows a consistent upward trajectory. Over the past few months, Bitcoin has been on a bullish run, breaking resistance levels and reaching new highs. The current atmosphere is optimistic, with many <a href="https://u.today/ethereum-eth-push-above-1800-driven-by-this-driver-report" rel="noopener noreferrer nofollow">analysts</a> predicting further growth.

Satoshi-Era Bitcoin (BTC) Whales Making Massive Transfers

U_Today

Other articles published on Nov 2, 2023

SOL Price Jumps to 14-Month High As Solana Dodges FTX Unstaking

Elon Musk’s Thoughts on NFTs and Their Potential Risks

Marathon Oil Corporation: MRO Stock Q3 Earnings Report Awaits

BTC’s Price Hitting $36K Could Spell Good News For Altcoins

Pioneering AI Research Eyes Early Detection of Parkinson’s Disease

Casper Price (CSPR) Prediction 2023, 2024, 2025, 2026, 2028

Join our free newsletter for daily crypto updates!