Bitcoin Whales moved $230 Million to New Address

[ImThour]

Three Bitcoin whale addresses transferred 6,500 Bitcoins to new addresses, totaling about $230 million.


https://twitter.com/WuBlockchain/status/1719915306817380473

It's a huge amount and the best part? Some Bitcoins came from the wallet address marked as F2Pool by bitinfocharts, which may be early miners.
So these early miners have kept their 6.5k Bitcoin saved until now. 12 Years later, that's worth a freaking $230 Million Dollars.

[1714921336]

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[1714921336]

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[Poker Player]

Well, those people are already already rich, apart from the value of those Bitcoins, otherwise they wouldn't have been able to hold out for so long without selling even a part of them. I imagine that if they move them now it will be because they expect to sell with the expected price increase in the near future, no? I understand that this is the most likely scenario.

[adaseb]

In the past there were many mislabeled wallets as F2Pool. That pool has been around for a very long time and all these analysis companies make mistakes when they label them.

Most likely it’s an old hodler and he is moving to a new wallet which has better security. As long as they are not sent to an exchange, then I wouldn’t worry. The real worry will be when the MtGox coins move or when those seized coins start to move.

[Husires]

Why now? It is a loss double the amount if the sale was made after several months, especially since you waited for many years. You will certainly be patient for several months, even if it is an emergency.

Most likely it’s an old hodler and he is moving to a new wallet which has better security. As long as they are not sent to an exchange, then I wouldn’t worry. The real worry will be when the MtGox coins move or when those seized coins start to move.

I think that this is a better explanation, and it will become more certain if he conducts a small or experimental transaction before sending the money, although I think that someone who has been patient for this long period may be more greedy in waiting for a longer period, especially if she/he is a young.

[Zaguru12]

Most likely it’s an old hodler and he is moving to a new wallet which has better security. As long as they are not sent to an exchange, then I wouldn’t worry. The real worry will be when the MtGox coins move or when those seized coins start to move.

I think that this is a better explanation, and it will become more certain if he conducts a small or experimental transaction before sending the money, although I think that someone who has been patient for this long period may be more greedy in waiting for a longer period, especially if she/he is a young.

To my understanding most of these whales are mostly businesses and the wallet used to generate the seed or keys could have be a wallet they don’t trust much again, a clear example could be hardware wallets that are changing policies. Or probably the wallet is a multi sig and owners hand needs to change so they created new one and moved it there.

[Kakmakr]

Well, we know that we are on the brink of a Bitcoin pump and people predict that it is going to beat the last All-Time-High (ATH) price, so I guess some of the early Bitcoiners are getting ready for that.  

A lot of people think this is just a movement of coins out of Cold storage by old miners to cash in on the free coins that were generated by the forks, because those forked coins are more valuable now.  

[BitcoinsGreat]

Well, those people are already already rich, apart from the value of those Bitcoins, otherwise they wouldn't have been able to hold out for so long without selling even a part of them. I imagine that if they move them now it will be because they expect to sell with the expected price increase in the near future, no? I understand that this is the most likely scenario.

Whatever is the reason of moving their bitcoins to another wallet it is not yet confirmed that they have move to the exchanges to sell it. These whales are more intelligent and have more knowledge then the common man, it is already obvious that Bitcoin halving is near and the Bitcoin will move to another all time high so why would they be selling all the bitcoins at a very cheap prices. It really doesn't make sense to sell now and I think we should not be panic by the movement of these coins from one wallet to the another specially at this stage of the market.

Yes if Bitcoin was near its all time high or in a bull market we are at the peak of the next bull market and then these move happens then that is a time to be a bit more careful but not at this time at least.

[Strongkored]

Whales are preparing themselves for a bull run soon, maybe that's what is being done, although it doesn't rule out the possibility that this is just a normal transfer due to security factors and so on, but the one who knows for sure the purpose of moving a large number of coins is the owner, but I don't think he will sell the coin at once if you really want to sell it, because 12 years of keeping it has taught the owner a lesson about how profitable it is to keep BTC for longer.

[Upgrade00]

Seeing this thread just after reading this one; Are you tracking bulk Bitcoin transactions being sent by Whales.

And I maintain the reply I wrote there. Transactions are meant to be private and whale transactions shouldn't be an exception. Tracking this sort of transactions does not have an impact on Bitcoin or the market.

[NotATether]

Who cares?

Whales are preparing themselves for a bull run soon, maybe that's what is being done, although it doesn't rule out the possibility that this is just a normal transfer due to security factors and so on, but the one who knows for sure the purpose of moving a large number of coins is the owner, but I don't think he will sell the coin at once if you really want to sell it, because 12 years of keeping it has taught the owner a lesson about how profitable it is to keep BTC for longer.

And how is moving your money to a different address considered preparing for a bull run?

If someone from this forum moved their funds to a new wallet, which gets noticed by some social media "influencer", the crypto community would still go ruckus and buy/sell some coins.

Bitcoin is not like most of the smaller coins, where a movement this large could potentially kill the entire blockchain.

[pinggoki]

Well, those people are already already rich, apart from the value of those Bitcoins, otherwise they wouldn't have been able to hold out for so long without selling even a part of them. I imagine that if they move them now it will be because they expect to sell with the expected price increase in the near future, no? I understand that this is the most likely scenario.

But why not just use let the coins stay to the original address? Wouldn't that still do the same thing? To me, this looks like there's an over the counter deal for those bitcoins and they don't want to leave any digital footprints of the money that they've got for the bitcoins.

Who cares?

Probably those people that bootlicks billionaires too, they're all delusional about this stuff like they daydream that they could probably be the whale and that they would probably do the same, they get off to this kind of stuff because they like the idea of at least being the whale in their dreams.

[Gallar]

~Snip

Whales often impress investors in the crypto/bitcoin world with the assets they own. Therefore, it is becoming easier for whales in the crypto/bitcoin world to manipulate the market. Because simply by transferring assets from a wallet to an exchange, other bitcoin investors may fear that the whale's bitcoin assets will be sold and this will cause the price of bitcoin to fall. But in my personal opinion, the step taken by whales to send bitcoin assets to exchanges, is most likely due to the fact that bitcoin will soon face a halving cycle as well as a bull market. So that way the whales send the bitcoin assets they own first.

Because if, for example, a whale sends the bitcoin assets it owns during a halving or when a bullish situation occurs, this will most likely cause greater panic among bitcoin investors and at the same time it is very likely that more bitcoin investors will sell their bitcoin assets. . because they are afraid that whales will sell their bitcoin assets first. So, if a whale sends bitcoin assets during a halving or when a bull market has occurred, it is likely that the whale will sell its bitcoin assets at a slightly lower price, because many investors have already sold their bitcoin assets. So in my personal opinion, this is why whales prefer to send the bitcoin assets they own before the halving and bull market occur. Because even if whales send their bitcoin assets to the exchange, bitcoin investors will definitely not panic. Because most bitcoin investors definitely have a sales target in the bullish market too.

[dzungmobile]

Three Bitcoin whale addresses transferred 6,500 Bitcoins to new addresses, totaling about $230 million.

It's a huge amount and the best part? Some Bitcoins came from the wallet address marked as F2Pool by bitinfocharts, which may be early miners.
So these early miners have kept their 6.5k Bitcoin saved until now. 12 Years later, that's worth a freaking $230 Million Dollars.

Miners and very old miners like from F2Pool would have very strong belief in Bitcoin and they also have enough long experience to hold their bitcoins for future fortune.

If they already sold bitcoin enough to pay for mining cost, they are surely able to hold their rest for future. The cost of mining in the past would be cheaper than latest years like 2017 or this year. I am not surprised if they held their bitcoin so far but I feel surprised if someone (not miners) from the past did not lose their private keys.

At Bitinfocharts.com, after page 9, https://bitinfocharts.com/top-100-richest-bitcoin-addresses-10.html there are many addresses with above 1000 BTC to 2000 BTC. How many of those dormant addresses will wake up from now till halving and about one year after halving?

[krishnaverma]

Three Bitcoin whale addresses transferred 6,500 Bitcoins to new addresses, totaling about $230 million.


https://twitter.com/WuBlockchain/status/1719915306817380473

It's a huge amount and the best part? Some Bitcoins came from the wallet address marked as F2Pool by bitinfocharts, which may be early miners.
So these early miners have kept their 6.5k Bitcoin saved until now. 12 Years later, that's worth a freaking $230 Million Dollars.

That is the power of patience. But still there is so much scope left that if you invest in Bitcoin now and wait for next 12 years, situation will be better than this particular example.

[Lucius]

Three Bitcoin whale addresses transferred 6,500 Bitcoins to new addresses, totaling about $230 million.
~snip~

Maybe James finally found his HDD in the junk pile

Of course, you have to joke a little, because that amount is pretty insignificant one way or another, and it just proves that a lot of those coins that are marked as "lost" really aren't. I remember when a member of the forum did transactions of 40 000 BTC, and if we didn't get too excited about it then, we won't even today. Even if someone sells all 6500 BTC, in the total volume of daily trading that is over $25 billion, that's just a drop in the ocean that won't cause any waves.

[CarnagexD]

Seeing this thread just after reading this one; Are you tracking bulk Bitcoin transactions being sent by Whales.

And I maintain the reply I wrote there. Transactions are meant to be private and whale transactions shouldn't be an exception. Tracking this sort of transactions does not have an impact on Bitcoin or the market.

You are right it's private but it's posted in the public ledger anyway so you can't really help if there are curious people that are always filled with awe that this amount of bitcoin can move in a single transaction, as much as everyone wants to be an edgy crypto bro and say that we don't really care about it, it's not like they're hurting anybody maybe the stupendous amount of hype it generates can be annoying to some but we should just let people enjoy stuff if that's what they really like.

[Best-mary]

Well, those people are already already rich, apart from the value of those Bitcoins, otherwise they wouldn't have been able to hold out for so long without selling even a part of them. I imagine that if they move them now it will be because they expect to sell with the expected price increase in the near future, no? I understand that this is the most likely scenario.

Yeah, agree. Retailers like us, all need to do In enable to meet up Is to know what and when these whales push out their money. Either I use DCA or Dual Investment. Anyone I think seems fit at that particular moment

[kentrolla]

We are going through a crucial phase wherein people are expecting bullrun and some while some are still skeptical about it and we might see more such new and I don't think we need to worry about it because these whales have been hodling on to these Bitcoin for years and there are thin possibility that they may sell and it's a general transfer of fund to an better option but if it's sent to an exchange and then moved out or sold that's when the problem start and no wise person would sell off at this point of time after hodling for so long unless new ATH which is multiple folds higher than previous ATH is achieved, don't buy any news that the market is going because I have already seen people pointing this to possible massive cashout or manipulation but trust me it's not true as there are just fuds

[DapanasFruit]

I am astonished of the value of Bitcoin these whales are holding and I can only daydream that I am one of them...my life would then be so different. Anyway, I am wondering...are they moving these coins so they can sell once BTC will be reaching $100K by 2024? Well, we can only speculate since we are not the owners of these BTC. For whatever purpose they did this movement, let's see what they will do eventually.

[Z-tight]

I am astonished of the value of Bitcoin these whales are holding and I can only daydream that I am one of them...my life would then be so different. Anyway, I am wondering...are they moving these coins so they can sell once BTC will be reaching $100K by 2024? Well, we can only speculate since we are not the owners of these BTC. For whatever purpose they did this movement, let's see what they will do eventually.

You don't have to care what they are doing with their coins or what they would do eventually, if you moved your coins and people started looking into your tx, it could make you cringe, wouldn't it. I do not like threads that talk about 'whales' moving their BTC, it is their keys and they can move their coins when they like. We can take off our tinfoil hats for sometime and not try to link it with a conspiracy or speculation about bull or bear runs, it could just be people moving their coins.

The idea that could be interesting to discuss is that of 'lost coins'. The figure of 4 million lost BTC is surely just picked out of a hat, and i am so sure that there are so many coins that haven't moved for long time, and people think they are lost, but they are not, just the owners holding on for a long time.