Satoshi-Era Bitcoin Wallets Move Over $1 Billion Each After 14 Years of Inactivity
2025-07-04 05:36:37
Main Idea
Satoshi-era Bitcoin wallets have moved over $1 billion worth of BTC after 14 years of inactivity, while Bitcoin's price and institutional demand continue to fluctuate.
Key Points
1. Two Satoshi-era Bitcoin wallets transferred 10,000 BTC ($1.09 billion) after being dormant for over 14 years.
2. Bitcoin's current price is $109,027, with over $50 billion in BTC moved in the past year, according to Bloomberg and 10x Research.
3. Some large holders (whales) are swapping Bitcoin for equity exposure, possibly registered in tax-friendly jurisdictions.
4. Despite massive inflows into Bitcoin ETFs and corporate adoption, Bitcoin's price has struggled to rally significantly.
5. Institutional demand remains strong, with Fidelity reportedly acquiring $183.7 million worth of Bitcoin in a single day.
Description
Major long-time Bitcoin whales have been offloading their coins en masse over the past year
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