Strange massive Btc transfer in block 690755

[Shymaa-Arafat]

I found this article in Google saying that Satoshi Nakamato is spending his long ago stored Btc
https://www.fxstreet.com/amp/cryptocurrencies/news/is-satoshi-cashing-out-640-nine-year-old-bitcoin-on-the-move-202107131344

Then, I traced the given address link, and found it's true 740Btc from 2012 is transferred yesterday
https://bitinfocharts.com/bitcoin/address/157XG8DEk6FhcoHfNpZW6v6fuBd9184DsT?__cf_chl_jschl_tk__=1e97f7651597ef7ab54c15439e68f449adc3a859-1626262014-0-ASrwt-v8kgGwL7iP4wreEPvWoTyWmflrVAmjxhOf0qUBJJBx7aAwd5mZJRPVDqT6T_SvyfoMHj7ZzOf11WRJ7WVBOY00gyUSHvEcrIxLj2weyfK20tTB-1VWuqj26S6DXCf_Yd6JS_NLmHBYtZIkAlqircPrPRJ5HvR9gaTL9Q9k1NlHmBtpOe_JkdYgXYZozdFcb24x1UPOQRxKNObtDF6lbH9bLAWR-2K9YFN1-3gyK9Q7LyJN2jWEM7aILdxeeHHgrMZPzPCgCj59UKwfg8iK96xtaP9pY_2KKVD5uY_RR_RQ8Bj0eFvau43zgPSFGkVxw-ffnTz3aCHNOvftQPR7fotGUmv3jegoir0sb0M5OLzhN3J2EljzjhBff_QQC7zerp9qpKEn998r9ZJI3_SYBQ3Cqkp2G3SxvWM-Vn-oTwdAHITpsU2pabQZtYzFx3EOnCJ1_RI879ofuCRHx9CIKpdsFqVdXQ1fqFqEgbjUTUS0erR04TFcWVDGPANsbbc4OK_T7LmDFpuUNQr7IT0
 (but the article didn't say why do they assume it's Satoshi Nakamato wallet)
.
Then I traced that block 690755 (where the -740btc in balance is shown) in www.btc.com, and found a money transfer of at least 20,000 Btc (about 400 million $) in only 4 TXs: 2179, 3168, 13688, 740
https://mobile.twitter.com/ArafatShymaa/status/1415282290947731456
That's strange, isn't it?
.
I'm not an economist, but I learned about Prophet Enequality in Algorithmic Game Theory; do u think some AI system advised those people it's time to transfer now?

[NeuroticFish]

(but the article didn't say why do they assume it's Satoshi Nakamato wallet)

I see there old wallets indeed, but basically from 2012, which doesn't really qualify as early Satoshi's coins.
It looks more like either moves of bitcoin.de cold wallet, either moves of one of their old customers.
I'm not a chain analysis expert and I may have missed something, but this looks more like a FUD than something related to Satoshi.

[Shymaa-Arafat]

Could it be just a simple key rotation for people lost their old keys?
I forgot I had read lately that some wallets, CASA, do such a process
But don't these sites usually have some inside news when they say Satoshi Nakamato?

[just_Alice]

It doesn't have to be Satoshi, it could've been anyone who was smart enough to buy Bitcoins years ago, or just did it out of fun and waited for the right moment. It's odd though that, whoever that is, is cashing out at the bottom of the market.

Anyhow, what difference does it make if someone moved their old coins? Can't people do what they want with their own money without being discussed? Also, IMO the article is written horribly, the combination of words "Bitcoin tokens" really pissed me off.

[JeromeTash]

It's just a speculative article written by someone bored. It doesn't necessarily mean that an Old address that moves hundreds of Bitcoins belongs to satoshi. There's no hard evidence at least.
It might just be one of the early adopters trying to move his stash to a new address.

[dothebeats]

Every time old addresses move some coins, Satoshi immediately springs to mind on some people which I think is really old by now and illogical, knowing how many people were already involved in bitcoin during those time when the addresses first became active. Old addresses coming back to life isn't really uncommon by now, knowing that a lot of old timers in bitcoin who probably had a few hundreds or thousands of coins can now live like kings and kings with bitcoin's current price.

The author should probably smoke less of what he/she's having.

[Darker45]

It always hits the headlines every time a huge amount of old sleeping Bitcoin awakens all of a sudden or moves from one wallet to another. Oftentimes, Satoshi is dragged into the picture. But I guess it is only to add more spice or sense of mystery or controversy to the news so that it will sell. That's just it.

But I'm now curious as to when was the last time Satoshi got involved in mining. Was it also by the time he/she/they went silent?

[bryant.coleman]

Satoshi last logged in to his Bitcointalk account in 2010. The BTC980,000 coins that are believed to be mined by him dates back to 2009-10. After that, there is no reported activity from him. And here in this case, we are talking about coins from 2012. So it's quite simple, and I don't think that these coins belong to Satoshi. Even I have coins from 2012 (that was the time when I purchased BTC for the first time). Back then, there were tens of thousands of users. And it will be foolish to link these coins to Satoshi.

[Shymaa-Arafat]

I think these 4 TXs also could be a demonstrating example of front-running and MEV
the one who paid 1satoshi/byte exchanged his Btc with much less value due to the 13,833btc exchange preceding him
The 2,179/3,168 could be Flashloan money that knew about the 13,833btc sell

[ziennakarishma21]

Now I know a news that there is about 791 BTC A person just activated a wallet containing 791 Bitcoins after 9 years of storage

Waking up after a long sleep of 9 years, from more than 4,000 USD, he is now a millionaire. this is what i found on social networking site.

[Lorence.xD]

Seen this article in my Facebook newsfeed and  don't think that it's really Satoshi's bitcoins because I don't think that Satoshi really plans to sell his/her bitcoin. Plus what if it's just some other person that have left the wallet for a really long time and now have already opened it because he/she probably have digged it up in his/her attic and has the password and the necessary stuff for accessing the wallet.

[yhiaali3]

It is really strange that the wallet is moved at this time after it has been dormant since 2012, the report says that there is no transaction history for this wallet since 2012, this is really strange but there is no evidence that this wallet belongs to Satoshi, it may be an old wallet for anyone People who bought bitcoin early, there are a lot of people who bought bitcoin early and some of them may still hold such large amounts until now, there are many speculations about the owner of this wallet but no one can say for sure that it belongs to Satoshi, these are always used The news to cause a media frenzy about Satoshi.

[BrewMaster]

there is nothing strange about big amounts of bitcoin moving around. there is also nothing strange about very old coins moving. they aren't common but they do happen every now and then. you can go to a block explorer such as blockchair.com and sort the transactions based on their amount to see how common they actually are.

the old coins are also not all belong to Satoshi even though a lot of guessors have guessed it is Satoshi's because they were too lazy to investigate and just guessed it because it was old!

[BlackHatCoiner]

It's tragic that a whole thread was created because a possible holder moved his bitcoins after 9 years. It shows Bitcoin's transparency and that you must never hold amounts, you may think that they'll worth a lot, in one address. Privacy, privacy, privacy!!!

It's obviously not Satoshi's, but I don't hold my breath. Truth be told, though, there were thousands of Bitcoin users back then and 1 BTC was much less valuable.

[Shymaa-Arafat]

The thread yes contained the article about Satoshi Nakamato, but only as a matter of asking could be possible explaination to what I thought is weird, that is
only 4 TXs in 1 block # 690755 transfered ~20,000 Btc ie ~ 0.106% of all Btc there.
I was asking is this normal or as it it's a massive selling or what?
u r the economists not me, read the original post

[worldofcoins]

This is actually strange,
The wallet owner had the pump of 2018 to sell their coins but they didn't sell even after the unexpected rise in the price action of bitcoin during that time.
Either the owner has more Bitcoins stored in other addresses or they completely forgot about the bitcoins they own (since 2012)

I don't think it's Satoshi, what's done above could be done by anyone if they forget that they own something or intentionally not selling no matter the intensity of Pump & Dump, But it does red flags when there's a revival of a bitcoin address with 100s of bitcoins in it, especially when the price is this high.