A major Bitcoin owner transferred 1000 BTC, sparking interest in the crypto community, according to CryptoQuant. Experts suggest these bitcoins might belong to the first miners from the "Satoshi era" (2009-2011), when Bitcoin's creator, Satoshi Nakamoto, was active.
Analyst Kirill Kretov notes that Bitcoins from old addresses are particularly valuable to collectors. According to CryptoQuant, these tokens were last moved about 13 years ago, between August and November 2010, and were likely obtained as block rewards. Their estimated value at that time was around $100.
CryptoQuant experts speculate that this early miner might have sold the 1000 BTC, sending them to a custodial wallet or through an over-the-counter deal. At the time of writing, the market value of 1000 BTC was about $43 million. Such large transactions can impact Bitcoin's market dynamics.
In 2023, Bitcoin showed significant growth, increasing its value by 140%, outperforming assets like gold and the US dollar, and surpassing major companies in market capitalization, including Berkshire Hathaway and Tesla.
Earlier in November, it was reported that Bitcoin whales moved 6500 BTC, ending a six-year period of inactivity. This highlights the activity of major players in the cryptocurrency market and their potential impact on market trends.
