Ancient Whale Awakens: $8.69 Billion Bitcoin Transfer Sparks Market Follow

Recently, a major piece of news emerged in the cryptocurrency market. An early Bitcoin holder who had been inactive for 14 years suddenly became active again, transferring 80,000 Bitcoins worth up to $8.69 billion to a new address. This move not only sparked widespread attention in the market but also led people to speculate on the identity of this mysterious Whale and its future actions.

According to on-chain data, this batch of Bitcoins comes from 8 different wallet addresses and can be divided into two batches. The first batch consists of 2 addresses that each received 10,000 Bitcoins on April 2, 2011, when the price of Bitcoin was only around $0.78. The second batch includes 6 addresses that received a total of 60,009 Bitcoins on May 4, 2011, when the price of Bitcoin was $3.37. This means that the investment return rate of this Whale has exceeded an astonishing 100,000 times.

Currently, these over 80,000 Bitcoins have been evenly distributed to 8 new addresses, with each address holding about 10,000 coins. It is worth noting that these Bitcoins have not yet been transferred to any trading platform, but their movement has already attracted the high attention of cryptocurrency holders worldwide.

The number of this batch of Bitcoin is quite large, approximately equivalent to 13.4% of a well-known company's total holdings, as well as 6.35% of the known Satoshi Nakamoto address holdings. Once such a scale of assets starts to be sold off, it could have a huge impact on the market. In comparison, the recent spot trading volume of a large trading platform within 24 hours was only around $1 billion, far less than the total value of this batch of Bitcoin.

Regarding the identity of this Whale, there are various opinions within the industry. Some analyses suggest that this could be an early Bitcoin miner. An executive from a trading platform stated that this holder seems to have owned a wallet address containing 200,000 Bitcoins in 2011, which is currently valued at approximately 22 billion USD, making it one of the top five Bitcoin wallets of all time.

Some speculate that this mysterious figure may be one of the early evangelists of Bitcoin. This individual started investing in Bitcoin in 2011 and played an important role in the early development of the Bitcoin ecosystem, investing in several startup projects and laying the foundation for the Bitcoin ecosystem.

Regardless of the true identity of this Whale, his next move will influence the market nerves. If a large-scale sell-off begins, it may put immense pressure on the current bull market. These 80,000 Bitcoins are like a ticking time bomb, hanging over the market, forcing investors to respond cautiously.

In the face of over 100,000 times of paper profit, even the most steadfast Bitcoin believers may waver. This ancient Whale's choice not only concerns personal wealth but could also influence the direction of the entire cryptocurrency market. Regardless of the outcome, this will be an important event worth following in the history of cryptocurrency.