Satoshi

Bitcoin

April

when

Spot

<p>The Bitcoin whale activity has shot up significantly in recent times with the Bitcoin price surging by more than 5% in the last 24 hours and moving all the way to $63,000. On-chain data shows that a dormant Bitcoin wallet recently woke up after nearly 12 years transferring a massive sum of 1,000 BTC.</p> 
<h2 id="satoshi-era-bitcoin-whale-wakes-up">Satoshi Era Bitcoin Whale Wakes Up</h2> 
<p>On-chain data provider Spot On Chain identified that a dormant Bitcoin wallet, identified as “1EhXAfST,” became active just a few hours ago after staying silent for nearly 11.8 years. This dormant wallet has transferred a total of 1,000 BTC, worth a staggering $60 million, to two new wallets.</p> 
<p>As per the details, this BTC wallet received these 1,000 BTC nearly 12 years ago in September 2012. Back then, each Bitcoin was trading at $12.06 per BTC, thereby making the total invested value of $12,060. Now, the value of the same Bitcoins has shot up to a staggering $60 million.</p> 
<blockquote class="twitter-tweet"> 
 <p dir="ltr" lang="en">4 hours ago, the dormant wallet “1EhXAfST” woke up after 11.8 years and moved 1,000 <a rel="nofollow" href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a> (~$60M) to 2 new wallets!</p> 
 <p>The wallet received those <a rel="nofollow" href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a> on Sep 25, 2012, when the price was only $12.06 ($12.06K).</p> 
 <p>Watch out for more <a rel="nofollow" href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> updates by following <a rel="nofollow" href="https://twitter.com/spotonchain?ref_src=twsrc%5Etfw">@spotonchain</a> and setting… <a rel="nofollow" href="https://t.co/0YUVUWFKdJ">pic.twitter.com/0YUVUWFKdJ</a></p> 
 <p>— Spot On Chain (@spotonchain) <a rel="nofollow" href="https://twitter.com/spotonchain/status/1812647963778506824?ref_src=twsrc%5Etfw">July 15, 2024</a></p>
</blockquote> 
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p> 
<p>This movement probably suggests that the whale could be looking for some profit book as the <a href="https://coingape.com/price/bitcoin/" target="_blank" rel="noopener">Bitcoin price</a> recovers back to $63,000.&nbsp; Although the Satoshi Whale has moved 1,000 BTC to other wallets, it’s less likely to impact the Bitcoin price in the near term.</p> 
<p>This is because BTC has seen massive accumulation taking place over the past week when the BTC price plummeted to $53,500. In the fastest <a href="https://coingape.com/markets/bitcoin-price-eyes-70k-rally-holders-accumulate/" target="_blank" rel="noopener">BTC accumulation</a> since April 2023, the Bitcoin whales scooped a total of 71,000 Bitcoins over the past week worth a staggering $4.3 billion.</p> 
<blockquote class="twitter-tweet"> 
 <p dir="ltr" lang="en">Bitcoin whales added 71K BTC to their wallets this week, as they capitalized on the recent price decrease <a rel="nofollow" href="https://t.co/fBeEGUP6P8">pic.twitter.com/fBeEGUP6P8</a></p> 
 <p>— IntoTheBlock (@intotheblock) <a rel="nofollow" href="https://twitter.com/intotheblock/status/1812165143624667642?ref_src=twsrc%5Etfw">July 13, 2024</a></p>
</blockquote> 
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p> 
<p>Also Read: <a href="https://coingape.com/bitcoin-whale-and-shark-wallets-with-10-btc-at-two-month-high-whats-next/" target="_blank" rel="noopener">Bitcoin Whale and Shark Wallets With Over 10 BTC At Two-Month High</a></p> 
<h3 id="spot-etfs-contribute-to-btc-accumulation">Spot ETFs Contribute to BTC Accumulation</h3> 
<p><a href="https://coingape.com/us-bitcoin-etf-see-1-1-billion-inflow-this-week-btc-holdings-at-all-time-high/" target="_blank" rel="noopener">Spot Bitcoin ETFs</a> made a pretty solid comeback last week accumulating $1.1 billion worth of BTC. Also, the total BTC holdings by the US Bitcoin ETFs have touched a new all-time high and could surpass 1 million BTC if the accumulation continues at the same pace.</p> 
<p>According to CryptoQuant, Bitcoin whales are now accumulating BTC at the fastest rate, measured by a 30-day moving average, since April 2023. This surge in accumulation follows the collapse of several local banks in the US earlier this year.</p> 
<figure id="attachment_207499" aria-describedby="caption-attachment-207499" style="width: 100%" class="wp-caption aligncenter">
 <img decoding="async" class="size-full wp-image-207499" src="https://coingape.com/wp-content/uploads/2024/07/Bitcoin-accumulation.jpeg" alt="" width="4000" height="2250" srcset="https://coingape.com/wp-content/uploads/2024/07/Bitcoin-accumulation.jpeg 4000w, https://coingape.com/wp-content/uploads/2024/07/Bitcoin-accumulation-300x169.jpeg 300w, https://coingape.com/wp-content/uploads/2024/07/Bitcoin-accumulation-1224x689.jpeg 1224w, https://coingape.com/wp-content/uploads/2024/07/Bitcoin-accumulation-768x432.jpeg 768w, https://coingape.com/wp-content/uploads/2024/07/Bitcoin-accumulation-1536x864.jpeg 1536w, https://coingape.com/wp-content/uploads/2024/07/Bitcoin-accumulation-2048x1152.jpeg 2048w, https://coingape.com/wp-content/uploads/2024/07/Bitcoin-accumulation-678x381.jpeg 678w, https://coingape.com/wp-content/uploads/2024/07/Bitcoin-accumulation-150x84.jpeg 150w" sizes="(max-width: 4000px) 100vw, 4000px">
 <figcaption id="caption-attachment-207499" class="wp-caption-text">
  Courtesy: CryptoQuant
 </figcaption>
</figure> 
<p>Also Read: <a href="https://coingape.com/bitcoin-etfs-inflow-points-to-less-long-term-volatility/" target="_blank" rel="noopener">Bitcoin ETFs Inflow Points To Less Long-Term Volatility</a></p> 
<p>The post <a href="https://coingape.com/satoshi-era-whale-moves-1000-bitcoin-whats-happening/">Satoshi Era Whale Moves 1000 Bitcoin, What’s Happening?</a> appeared first on <a href="https://coingape.com">CoinGape</a>.</p>

Satoshi Era Whale Moves 1000 Bitcoin, What’s Happening?

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