2024

Bitcoin

when

Spot

<figure>
 <figcaption>
 Cover image via <a href="https://u.today/" rel="noopener noreferrer nofollow">U.Today</a>
 </figcaption>
</figure>
In a dramatic turn of events, a dormant whale from the early days of Bitcoin has emerged from the depths of crypto history to make a monumental move.&nbsp;
<a href="https://x.com/spotonchain/status/1765207783454998782?s=20" rel="noopener noreferrer nofollow">Spot On Chain</a> has reported that this ancient Bitcoin holder, who had been inactive for 14 years, startled the market by depositing a staggering 1,000 BTC to Coinbase. This haul, now valued at a jaw-dropping $67.1 million, was minted way back in 2010, when the&nbsp;<a href="https://u.today/legendary-trader-john-bollinger-calls-bitcoin-price-drop-bit-much" rel="noopener noreferrer nofollow">price of Bitcoin</a> was a mere fraction of its current value, indicating a potential profit of around $60 million.
<blockquote>
 A dormant whale woke up after 14 years to deposit all 1,000 <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$BTC</a> ($67.1M) to <a href="https://twitter.com/hashtag/Coinbase?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Coinbase</a> at $67,116 ~20 hours ago, allegedly contributing to the recent market crash!The whale minted those <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$BTC</a> in 2010 when the price was below $0.28, suggesting that the whale might just have taken… <a href="https://t.co/VBj6VvzAuH" rel="noopener noreferrer nofollow">pic.twitter.com/VBj6VvzAuH</a>— Spot On Chain (@spotonchain) <a href="https://twitter.com/spotonchain/status/1765207783454998782?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">March 6, 2024</a>
</blockquote>
This unexpected awakening coincided with Bitcoin's surge to an all-time high of $69,000, only to be swiftly followed by a sharp downturn. The subsequent market crash saw Bitcoin prices plummet by 14% to $59,000, triggering panic among traders. According to&nbsp;<a href="https://www.coinglass.com/LiquidationData" rel="noopener noreferrer nofollow">CoinGlass</a>, over $1 billion worth of positions were liquidated within a mere 24 hours, with long positions accounting for a substantial $796.95 million of that figure. <img alt="&quot;&quot;" data-entity-type="file" data-entity-uuid="2733ae90-d26b-4bb8-96d8-5a3751c82ab8" src="https://u.today/sites/default/files/inline-images/bitcoinpricee.png">BTC to USD by <a href="https://coinmarketcap.com/currencies/bitcoin/" rel="noopener noreferrer nofollow">CoinMarketCap</a>
The appearance of this ancient whale has long been regarded as a harbinger of market turmoil, often signaling a wave of selling and increased pressure. It seems history has repeated itself once again, casting doubt on the stability of the current bull market. The emergence of this whale raises questions about the potential presence of other dormant&nbsp;<a href="https://u.today/jim-cramer-claims-bitcoin-btc-price-has-topped" rel="noopener noreferrer nofollow">BTC</a> holders, lurking in the shadows of crypto history.
As the cryptocurrency market continues to evolve from its humble beginnings into a multi-trillion dollar industry, the actions of these early adopters carry significant weight. The sudden resurgence of a Satoshi-era whale serves as a stark reminder of the unpredictable forces at play on the crypto landscape.

Satoshi-Era Bitcoin Whale Suddenly Wakes up and Does Unthinkable

U_Today

2024년 3월 6일에 게재된 다른 기사

Economist Claims Bitcoin Will Kill MicroStrategy Despite $6.7 Billion in Profits

Render Breaks ATH – Here’s Why RNDR Price is Pumping

AI Teachers Pave the Way for Gender Equality in Education

Silbert's DCG Challenges NYAG's Lawsuit as Baseless

Legendary Shiba Inu (SHIB) Trade Goes 628X Since 2021 Before Being Deposited Into Coinbase: Looko...

Bitcoin ETFs trading volume soars but face a setback, hinting at market volatility

무료 뉴스레터에 가입하여 매일 최신 암호화폐 소식을 받아보세요!