A Bitcoin whale holding 40,000 BTC dormant since 2010 executed a transfer of the assets valued at approximately $4.35 billion. The coins were originally acquired at around $1.65 per BTC.
The transaction has triggered concerns regarding potential market volatility, though analysts note that actual price impact would likely require subsequent trading activity rather than mere wallet movement.
This event highlights the extraordinary rarity and significance of ‘Satoshi-era’ coins re-entering circulation. Such dormant holdings are typically liquidated through over-the-counter (OTC) channels to mitigate market disruption.
Market participants are closely monitoring the implications for Bitcoin’s liquidity dynamics and regulatory considerations stemming from the transaction.
The reactivation underscores the persistent influence large historic holders wield over market psychology and the ecosystem’s stability.