• A Bitcoin whale transferred 464 bitcoins worth $13 million for the first time in nine years.
• The Whale acquired 1,129 bitcoins in 2012 and 2013 when prices were $12 and $195.
• Statistics from Btcparser.com show that older Bitcoins born in 2009, 2010, and 2011 are becoming rare spends.
Mysterious Bitcoin Whale Transfers
A mysterious bitcoin whale has made its move after more than nine years of dormancy by transferring 464 bitcoins worth $13 million for the first time since 2012 and 2013. This follows the transfer of 2,071.5 bitcoins worth $60 million at the time of the transaction on Wednesday.
Whale Acquired 1,129 Bitcoins
The whale who acquired 1,129 bitcoins in 2012 and 2013 when prices were $12 and $195 respectively is responsible for this transfer. Following 278.89 BTC sent from an associated address with this whale, another 184.23 BTC was sent from a different address “12At4” which still holds 665.65 BTC and its corresponding bitcoin cash (BCH) address still holds approximately 1,128.77 BCH at the time of writing this article .
Price of Bitcoin Struggling to Hold Above $28K
At present the price of bitcoin has dropped below the $29K zone and is struggling to hold above the $28K region as reported by many sources within the cryptocurrency industry such as Coindesk etc..
Older Bitcoin Transactions Becoming Rare Spend
Statistics from Btcparser show that older Bitcoins born in 2009 ,2010 & 2011 are becoming rare spends while a significant number of transactions are coming from 2016 & 2017 according to research done on these coins . Last known transactions occurred just over a year ago on April 7 & 8 , 2022 when around 5 block rewards mined in 2009 were spent across multiple transfers prior to this which was 9 days after Black Thursday event that shook up global markets .
Conclusion
In conclusion , it can be seen that despite recent drops it is evident that whales holding onto dormant coins dating back to early stages have started making their moves again as seen recently with 2 , 071 . 5 BTC moving during April 19th . It will be interesting to see if other whales follow suit or if these moves will remain isolated incidents .