Satoshi

Bitcoin ETF

Bitcoin

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A Bitcoin (BTC) miner from the Satoshi Era is making a play that may see the sum of 2,000 BTC units liquidated. According to an X update&nbsp;<a href="https://twitter.com/jjcmoreno/status/1772742868123193739" rel="noopener noreferrer nofollow">shared</a> by Julio Moreno, head of research at crypto analytics and intelligence provider CryptoQuant, these 2,000 Bitcoin units were mined in 2010. From chart indications, the Bitcoin assets had not moved from 2010 until recently.
It is not uncommon for Bitcoin whales to wake up and record a massive transaction. The aim of most of these transactions remains unknown but mostly points to liquidations. The 2,000 BTC were mined when the price of the digital currency was less than $0.5. At the time of writing, Bitcoin’s price has jumped to $70,086.52, and this has pushed the market value of the coin from about $1,000 to $140,172,400.
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 An early miner just moved 2,000 <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Bitcoin</a> These coins were mined in 2010.The Bitcoin were all transferred to a single address that was newly created. <a href="https://t.co/vPr14DGNBE" rel="noopener noreferrer nofollow">pic.twitter.com/vPr14DGNBE</a>— Julio Moreno (@jjcmoreno) <a href="https://twitter.com/jjcmoreno/status/1772742868123193739?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">March 26, 2024</a>
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Such massive valuations are not uncommon as U.Today&nbsp;<a href="https://u.today/dormant-btc-wallets-making-historic-moves-will-this-impact-bitcoin-price" rel="noopener noreferrer nofollow">reported</a> earlier that Bitcoin whales are making their emergence, capitalizing on the uptick in the broader crypto ecosystem.&nbsp;
Earlier in March, Bitcoin jumped to its all-time high (ATH) at $73,750.07, creating an ambiance that makes it attractive for whales and miners alike to take advantage of the price growth.
<h2 id="more-valuation-incoming">More valuation incoming</h2>
While the reawakening of this Bitcoin miner and other BTC whales might be based on the price of the digital currency, market veterans believe that larger valuations are on the horizon.
According to top market analyst Michael van de Poppe, Bitcoin has the right fundamentals to&nbsp;<a href="https://u.today/bitcoin-btc-to-test-80k-before-upcoming-halving-says-top-analyst" rel="noopener noreferrer nofollow">jump as high as $80,000</a> before the upcoming halving event in April. While this halving event naturally drives major capital attraction, the spot Bitcoin ETF sentiment and institutional embrace are helping to reboot interest in the premier digital currency.
With ongoing accumulation, the demand side of BTC is already solidified, and the&nbsp;<a href="https://u.today/bitcoin-rally-ahead-heres-estimated-btc-halving-date-according-to-glassnode" rel="noopener noreferrer nofollow">halving event</a> will further help trigger a supply crunch that will position the Bitcoin price in ultra-bullish discovery mode.

Satoshi Era Miner Moves 2,000 Bitcoin (BTC), Incoming Sell-off?

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