Whale awakens: 909 BTC ($85M) Moved After 13 Years!!!

[superman184]

An old wallet (from 2013, when BTC < $7) just woke up and transferred all 909 BTC (~$85 million) to a new address.
Sender: 1A2hq…pZGZm
Receiver: bc1qk…sxaeh
Huge unrealized profit: >13,000%!

Just moving for security?
Prepping to sell?
Any impact on price? (BTC ~$91K right now)

So far, not to an exchange — likely consolidation/hold. But these moves always spook the market a bit.

[OmegaStarScream]

It could be anything but the amount is pretty insignificant to cause any panic IMO. Even if this holder decides to sell, it would barely do anything to the price with the current trading volume if sold over time as opposed to just selling everything at once, which is what's usually done to not affect the market

[Mpamaegbu]

An old wallet (from 2013, when BTC < $7) just woke up and transferred all 909 BTC (~$85 million) to a new address.

Could that also be the reason Bitcoin has been plummeting for two days nonstop now and it's still tanking from $95k+? I just hope it.koved for security reason as owner moved out everything. If they wanted to sell, I'm not sure everything would've been moved at once. Anyway, it's likely that a lot of paper hands aren't even aware of that move yet as price hasn't dumped much like it would've done if they already knew.

[MinoRaiola]

Perhaps this also has something to do with Mt. Gox. Im not involved in the topic, but there is always information about payouts over many years and delays. Maybe these are coins that are related to this and are being paid out very slowly to the victims. Or they have to be converted into dollars. But we/i just speculating, i dont know. In the end, only the person who sends/manages or buys/sells the coins will know it. It is interesting that so many coins, being sent after such a long time.

[shield132]

An old wallet (from 2013, when BTC < $7) just woke up and transferred all 909 BTC (~$85 million) to a new address.
Sender: 1A2hq…pZGZm
Receiver: bc1qk…sxaeh
Huge unrealized profit: >13,000%!

Just moving for security?
Prepping to sell?
Any impact on price? (BTC ~$91K right now)

So far, not to an exchange — likely consolidation/hold. But these moves always spook the market a bit.

It causes surprise in me when I see old addresses suddenly waking up. Maybe the owner lost access to this address and today is the day when they gained access to it. They would send these coins from this address to a new, SegWit address because old addresses use less secure formats (P2PKH). Btw 909 Bitcoin is not an amount that will affect the market. In the worst case scenario, it will make price drop slightly for a few minutes or hours. For example, right now I see on Binance that there are people willing to pay 90,900 USD for 110 Bitcoins, 90800 for 29 Bitcoins and so on. If the person deposits money to Binance and trades on spot market instead of OTC, they'll drop the price of the coin on Binance but it will recover soon.

It's good that they didn't sent coins to an exchange because 909 Bitcoin is the amount that can bring them trouble when depositing on an exchange, including endless questions, proof of income and KYC verifications.

[superman184]

It could be anything but the amount is pretty insignificant to cause any panic IMO. Even if this holder decides to sell, it would barely do anything to the price with the current trading volume if sold over time as opposed to just selling everything at once, which is what's usually done to not affect the market

I agree, this is a drop in the bucket, the impact is minimal or zero.
But the point is not in the size, but in the signal: after 13 years of hibernation, the ancient holder is moving.
Such movements often scare the market psychologically, even if there is no real sale.
So far, the transfer has been made to a new address (not to the stock exchange), but it's worth keeping an eye on it in case the dump goes further.
In general, this is not a panic, but a reason to take a closer look at the on-chain.

[zasad@]

We've seen larger transactions, too. But I don't think 909 bitcoins will scare the market. It's very difficult to sell that amount on an exchange without being blocked. Any crypto exchange would be required to verify such transactions.
Maybe these are quantum PC security measures

[Zlantann]

Could that also be the reason Bitcoin has been plummeting for two days nonstop now and it's still tanking from $95k+? I just hope it.koved for security reason as owner moved out everything. If they wanted to sell, I'm not sure everything would've been moved at once. Anyway, it's likely that a lot of paper hands aren't even aware of that move yet as price hasn't dumped much like it would've done if they already knew.

The sale of 909 BTC wouldn't have a major effect on the market, so I don't think this is the reason for the price drop. We can only speculate on the reason for this move because it could be any reason. It could be for security, consolidation, privacy or other reasons.   

In general, this is not a panic, but a reason to take a closer look at the on-chain.

There is no reason to monitor the movement of these coins unless you are a trader. Long-term holders don't have any need for such information.   

[Mpamaegbu]

~

The sale of 909 BTC wouldn't have a major effect on the market, so I don't think this is the reason for the price drop.

It may not be much but I won't completely say that wouldn't have panicked a few people who sold because of that move. Not everyone is informed as most people here. Again, let's just imagine for a second that such moved Bitcoin were from the speculated Satoshi stash. Do you think it won't move price even if it's that little?

We can only speculate on the reason for this move because it could be any reason. It could be for security, consolidation, privacy or other reasons.

Yeah, we can only speculate at this point. However, security tops the list of reasons for me until the moved coin is split and moved in part or whole to an exchange. Then we can deduce that it's for cash out.

[Charles-Tim]

An old wallet (from 2013, when BTC < $7) just woke up and transferred all 909 BTC (~$85 million) to a new address.

Bitcoin was around $93000 when I wanted to sleep yesterday but the price fell below $91000, but is it now at $91400. I also think this transaction caused the little price fall. Some people might thought the owner of the coin is moving the coin to an exchange to sell but later found out that the coin is not sent to an exchange address.

Maybe these are quantum PC security measures

I think it is. The addresses has transferred bitcoin on the 14th and 16th of 2012, but having huge amount of bitcoin, which makes it not resistant to quantum computers that will be able to get bitcoin private key from its public key.

[passwordnow]

I think if the owner of this wallet has the intention to sell, he's done that above $100k. But he's still in profit regardless of what the price of Bitcoin now. Just expect that whoever has held for several years, they're going to take the profits no matter what happens. They're also aware of the cycle and we might go down through the bear market if things won't recover anymore and will not go back above $100k. Anyway, all speculations can be valid once it's proven on how it's spent and we'll just wait if it's already sold in any exchange it prefer.

[superman184]

I think the main idea remains that a person who owns such assets for such a long time and then begins to set them in motion gives the impression of someone who knows something more than others!
But these are just guesses!
Maybe he lost a distant relative who left him an inheritance, or maybe it's Trump's spare or secret wallet, we won't find out the truth.

[0t3p0t]

I think the main idea remains that a person who owns such assets for such a long time and then begins to set them in motion gives the impression of someone who knows something more than others!
But these are just guesses!
Maybe he lost a distant relative who left him an inheritance, or maybe it's Trump's spare or secret wallet, we won't find out the truth.

Could be like inheritance and the heirs sold it to someone for a staggering $85M just like that they are now leaving the life of a boss. It could also be that the owner just transfered it to the other wallets especially hardware ones so it will be much safer as that asset alone holds their family's future. I also think that the owner of these Bitcoins is wealthy enough to not be able to take profit even the time it stays dormant and now here we are seeing a wallet wiggling like an earthworm moving away from home to find another safety spot to live.

[passwordnow]

I think the main idea remains that a person who owns such assets for such a long time and then begins to set them in motion gives the impression of someone who knows something more than others!
But these are just guesses!
Maybe he lost a distant relative who left him an inheritance, or maybe it's Trump's spare or secret wallet, we won't find out the truth.

We will never know but one thing is we can be sure of, he's not going to let it pass that the high price of Bitcoin historically that he's got not going to pinch a profit out of it. Possible that it can be an inheritance and the original owner of it left him to that. Well, we can only take a guess but whoever has moved that probably just watching a good view and how the market moves without having to worry his future.

[hero_the_bossman]

I think the main idea remains that a person who owns such assets for such a long time and then begins to set them in motion gives the impression of someone who knows something more than others!
But these are just guesses!
Maybe he lost a distant relative who left him an inheritance, or maybe it's Trump's spare or secret wallet, we won't find out the truth.

We will never know but one thing is we can be sure of, he's not going to let it pass that the high price of Bitcoin historically that he's got not going to pinch a profit out of it. Possible that it can be an inheritance and the original owner of it left him to that. Well, we can only take a guess but whoever has moved that probably just watching a good view and how the market moves without having to worry his future.

His story is basically complete.

We need to diverse our attention to our own

[macson]

Most likely he moved the Bitcoin to a new address for security purposes.

But even if he sells all the Bitcoin he owns, that amount of Bitcoin will not have any impact on the market. We've seen sales of much greater amounts than that and the market hasn't budged. So this isn't something to take seriously.

[passwordnow]

I think the main idea remains that a person who owns such assets for such a long time and then begins to set them in motion gives the impression of someone who knows something more than others!
But these are just guesses!
Maybe he lost a distant relative who left him an inheritance, or maybe it's Trump's spare or secret wallet, we won't find out the truth.

We will never know but one thing is we can be sure of, he's not going to let it pass that the high price of Bitcoin historically that he's got not going to pinch a profit out of it. Possible that it can be an inheritance and the original owner of it left him to that. Well, we can only take a guess but whoever has moved that probably just watching a good view and how the market moves without having to worry his future.

His story is basically complete.

We need to diverse our attention to our own

Complete in a sense that he's ready to sell that any moment from now on it's already sold, go on those who tracks the wallet and let's see if it ends up in exchange after a couple of days.

But even if he sells all the Bitcoin he owns, that amount of Bitcoin will not have any impact on the market. We've seen sales of much greater amounts than that and the market hasn't budged. So this isn't something to take seriously.

That's right, it won't affect the market a lot but some of those who follows it might think it's dumping time. And their decisions can be affected by that sale if ever he does it.

[Lucius]

An old wallet (from 2013, when BTC < $7) just woke up and transferred all 909 BTC (~$85 million) to a new address.
---
Any impact on price? (BTC ~$91K right now)
---
So far, not to an exchange — likely consolidation/hold. But these moves always spook the market a bit.

You bought an account from 2014, but in your head you are still a beginner who thinks that 900 BTC means something in a market that has almost $40 billion in transaction values ​​per day. Next time you're at the beach, take a handful of sand and move it to another place, see what happens to the beach...

[Davidvictorson]

An old wallet (from 2013, when BTC < $7) just woke up and transferred all 909 BTC (~$85 million) to a new address.
Sender: 1A2hq…pZGZm
Receiver: bc1qk…sxaeh
Huge unrealized profit: >13,000%!

Just moving for security?
Prepping to sell?
Any impact on price? (BTC ~$91K right now)

So far, not to an exchange — likely consolidation/hold. But these moves always spook the market a bit.

You know when conversations about news like this is on, I usually wonder whether such an account holder sees it while sipping their morning coffee and even contributes to the conversation like a stranger. Well, for whatever reason, maybe the goal to set to hodl for has reached and they are doing the needful.What gladdens my heart the most is that these types of moves no longer have the capacity to affect the market like they used to do in the past. That is a good one for bitcoin and the community.