Bitcoin that has not moved for more than 9 years has been moved Equivalent to a total of 9 billion yen in 2 days

Related to virtual currency outflow

“Lookonchain”, which tracks and analyzes blockchain, announced on the 21st that a whale (large holder) who has held 1,128 BTC (equivalent to 4.2 billion yen) of crypto assets (virtual currency) Bitcoin (BTC) for 10 years Reported that 279 BTC (equivalent to 1 billion yen) was transferred.

279BTC is roughly divided into 3 and sent to 3 new addresses. The original 1,128 BTC were received in October 2012 and May 2013, when Bitcoin prices were $12 and $195, respectively (at the time of writing, 1 BTC = $27,300). ).

A whale with 1,128 $BTC($31.6M) that has been dormant for 10 years transferred 279 $BTC($7.8M) to 3 new addresses just now.

The whale received 1,128 $BTC in October 2012 and May 2013, when prices were $12 and $195.https://t.co/2MxnVzcEMl pic.twitter.com/2GM7Oq4e2P

— Lookonchain (@lookonchain) April 21, 2023

Also on the 20th, Lookonchain reported that a whale that had held 6,071.5 BTC (worth 23.8 billion yen) for over nine years transferred 2,071.5 BTC (worth 8.1 billion yen). The whale received 6,071.5 BTC on December 19, 2013 at a price of $663.

A whale with 6,071.5 $BTC($178M) that has been dormant for 9.3 years transferred 2,071.5 $BTC($60.7M) out today.

And the 2,071.5 $BTC was finally transferred to the address starting with “bc1q”.

The whale received 6,071.5 $BTC on Dec 19, 2013, when the price was $663. pic.twitter.com/CBpoIy2mEk

— Lookonchain (@lookonchain) April 20, 2023

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Purpose of remittance

A large amount of bitcoin that has not moved for a long time has been sent before, and if the destination is an exchange, it may lead to potential selling pressure, so many investments are made each time. I got my attention from home.

The purpose of the remittances is not clear for either, but there are alternatives to selling pressure. That’s because recently there have been reports of cryptocurrency leaks for unknown reasons.

connection: Unexplained asset outflow in virtual currency wallet, estimated total damage is 1.3 billion yen (5,000 ETH)

Earlier this week, it was reported that the wallets of users with many years of cryptocurrency investment experience and large amounts of Ethereum (ETH) were targeted for unauthorized outflow damage through hacking. Regarding the large-scale remittance of bitcoins this time, there was also a view that they may be evacuating from old wallets to new wallets due to concerns about hacking.

Regarding Bitcoin, the virtual currency exchange Mt.Gox, which went bankrupt in 2014, is preparing for repayment.

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