Satoshi-era wallet moves $4.68 billion in Bitcoin after 14 years
A Bitcoin (BTC) whale dormant since 2011 has transferred 40,009 BTC ($4.68 billion) to Galaxy Digital, according to on-chain data from Lookonchain . The whale’s original holdings amounted to 80,009 BTC valued at $9.46 billion at current market prices. Wallet bc1qq8q. Source: Arkham Intelligence The transfers began with an initial movement of 9,000 BTC ($1.06 billion) followed by an additional 7,843 BTC ($927 million) transfer. According to the latest update from Lookonchain on July 15, the Bitcoin OG has now transferred a total of 40,009 BTC ($4.68 billion) to Galaxy Digital. Galaxy Digital has been depositing the received Bitcoin directly to exchanges, with 6,000 BTC ($706 million) moved to Binance, and Bybit platforms. Bitcoin price analysis Although it hasn’t been confirmed as a sale, large whale transfers like this one have historically preceded sharp market movements. Indeed, such sizable transactions can cause short-term ripples in liquid...