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Largest Bitcoin Transfer from Satoshi Era: What Happened?

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by Giorgi Kostiuk

6 hours ago


On July 4, 2025, a transfer of 80,000 bitcoins valued at approximately $8.6 billion occurred from eight dormant wallets to eight new destinations. No entity claimed responsibility for these funds.

Largest Known Bitcoin Transfer

The transfer is one of the largest known movements of Satoshi-era bitcoins, with these wallets having been inactive since 2011. According to Conor Grogan, Director at Coinbase, a test transaction of Bitcoin Cash was observed from one of the original wallets before the Bitcoin movement started.

> "A 10,000 BCH transaction was made from one of the original Bitcoin wallets to itself before the BTC movement began—likely to test the private key access using BCH, as BCH transactions are less scrutinized than BTC."

Market and Exchange Impact

The event has not resulted in any significant decrease in total BTC liquidity on known exchanges. The transfer likely involved a cold-to-cold wallet transaction, with no indication of exchange liquidation. No statements or confirmations have been made by notable figures regarding these movements.

Network and Community Response

Experts note that this significant transfer has not led to unusual activity in Bitcoin network transaction volumes or fees, which remain stable at $2.40. Historical events, such as BTC movements from Mt. Gox Trustee, resulted in price dips, but this event has not had such an effect.

The market has not experienced significant disruptions or volatility following the transfer, indicating an absence of a macro sell-off cycle. The transaction has been closely monitored, but regulatory bodies have issued no statements, and community sentiment remains speculative.

Overall, the movement of 80,000 bitcoins did not lead to significant changes in the market environment. Regulatory bodies remain silent, and community opinions continue to be uncertain, awaiting further actions.

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