2024

Bitcoin

April

<p class="is-style-lead">The miner first moved the Bitcoins received as a reward for the mined block on April 23, 2010.</p> 
<p>According to Lookonchain data, on April 15, an unknown whale moved 50 Bitcoins (<a href="https://crypto.news/price/Bitcoins/" target="_blank" rel="">BTC</a>) worth about $3.3 million. Seventeen BTC went to the address associated with withdrawals from <a href="https://crypto.news/tag/coinbase/" target="_blank" rel="">Coinbase</a>, and the remaining amount remained in the wallet using the new details.</p> 
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   <p lang="en" dir="ltr">A miner wallet woke up after being dormant for nearly 14 years and deposited 50 <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="">$BTC</a>($3.28M) to <a href="https://twitter.com/hashtag/Coinbase?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="">#Coinbase</a> 5 mins ago.<br><br>The miner earned 50 <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="">$BTC</a> from mining on Apr 23, 2010, and has been holding it to this day.<br><br>Address:<br>15sxzZ4QSaoiMo5KYH9ab4xQj34yeJmKgb <a href="https://t.co/DRw9U5Xy8N" target="_blank" rel="">pic.twitter.com/DRw9U5Xy8N</a></p>— Lookonchain (@lookonchain) <a href="https://twitter.com/lookonchain/status/1779772457622388937?ref_src=twsrc%5Etfw" target="_blank" rel="">April 15, 2024</a>
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<p>Analysts did not provide any other details about transferring several dozen Bitcoins.</p> 
<p>Previously, a major Bitcoin holder woke up in April after ten years of hibernation. The whale withdrew part of the assets from his address, which contained 1,701 BTC. As Lookonchain experts noted, 246 BTC were transferred.</p> 
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   <p lang="en" dir="ltr">A whale with 1,701 <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="">$BTC</a>($115.42M) woke up after 10 years of dormancy and transferred 246 <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="">$BTC</a>($16.73M) out 20 mins ago.<br><br>The whale received 4,272 <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="">$BTC</a>($125,541 at the time) in 2013 at an average price of only $29.39.<br><br>Address: <br>1CLxmHRhoi9VpSj5QihqPEdbhLL8E1oeUZ <a href="https://t.co/W45On1Q7vb" target="_blank" rel="">pic.twitter.com/W45On1Q7vb</a></p>— Lookonchain (@lookonchain) <a href="https://twitter.com/lookonchain/status/1776561230687150446?ref_src=twsrc%5Etfw" target="_blank" rel="">April 6, 2024</a>
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<p>The Bitcoin whale received 4,272 BTC in 2013. The average purchase price 11 years ago was $29.39, which at the time cost the trader $125,541.</p> 
<p>Owners of old wallets often become active against rising <a href="https://crypto.news/tag/bitcoin/" target="_blank" rel="">Bitcoin</a> prices. It is generally accepted that the activity of old wallets could be a better sign, meaning that the owner will soon sell their coins. In some cases, holders move BTC to other addresses and continue to trade them further.</p> 
<p>According to 10x Research, crypto miners <a href="https://crypto.news/bitcoin-miners-could-liquidate-5b-in-btc-post-halving/" target="_blank" rel="">began</a> accumulating Bitcoins in January 2024 to increase the imbalance between supply and demand. The price of BTC increased sharply partially due to this, and in March, it updated its historical maximum at $73,750. </p> 
<p>After <a href="https://crypto.news/tag/bitcoin-halving/" target="_blank" rel="">halving</a>, the company’s digital assets will gradually eliminate the accumulated coins, which will pressure the cryptocurrency’s price.</p> 
<p> You might also like: <a href="https://crypto.news/crypto-bear-market-bitcoin-halving/" rel=""> Crypto expert explores bear market possibility as Bitcoin halving draws near </a> </p>

Miner moves nearly $3.3m in Bitcoins for first time in 14 years

crypto.news

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