Bitcoin Ancient Address Awakens: 80,000 BTC Transfer Sparks Market Follow

Recently, a striking piece of news emerged in the cryptocurrency market. A batch of Bitcoin addresses that had been dormant for 14 years suddenly became active, with a total of 80,000 BTC being transferred, amounting to a total value of 8.69 billion dollars. This event immediately sparked widespread attention and discussion in the market.

According to on-chain data, this batch of Bitcoin comes from 8 different wallet addresses and can be divided into two groups. The first group contains 2 addresses, each receiving 10,000 BTC on April 2, 2011, when the price of Bitcoin was approximately $0.78. The second group contains 6 addresses, which received a total of 60,009 BTC on May 4, 2011, when the price of Bitcoin was $3.37.

It is worth noting that these Bitcoins have been transferred to 8 new Addresses, each holding about 10,000 BTC. As of now, these funds have not been transferred to any exchanges, but they have already raised significant market alertness.

The quantity of this batch of Bitcoin is quite substantial, approximately equivalent to 13.4% of the total holdings of a certain well-known institution, as well as 6.35% of the holdings in the known Satoshi Address. Considering its extremely low cost basis and the immense potential selling pressure, the market is particularly focused on the next move of this "ancient whale".

There has been much speculation in the industry regarding the identity of this whale. Some analyses suggest that this could be an early miner, as these transactions trace back to early block rewards. Others speculate that it may be related to certain well-known early participants in Bitcoin, but there is currently no concrete evidence.

Regardless of the true identity of this whale, their actions could have a significant impact on the market. If large-scale selling begins, the selling pressure they release could far exceed any recent trading activity by institutions, causing a substantial shock to the market.

The future direction of this batch of Bitcoin will become one of the important factors influencing the market. Investors and market participants are closely following the developments of this situation to assess the potential impacts it may bring. In the current market environment, these 80,000 Bitcoins have undoubtedly become an important variable that remains unresolved.