Bitcoin: 80,000 BTC Worth $8.69 Billion Moved After 14 Years of Dormancy

 Key Highlights

• 80,000 BTC worth $8.69 billion move after 14 years

• Bitcoin risks a decline if the whale decides to sell

80,000 BTC Worth $8.69 billion. Moved after 14 years 

In a significant development that's gripped the crypto community, a legendary Bitcoin holder has just moved a jaw-dropping 80,009 BTC.

Crypto chart showing significant movement by a "10K whale" with increased holdings, indicating strategic transactions in the cryptocurrency market.

Currently, these coins are valued at over $8.69 billion, after more than 14 years of total dormancy.

This is one of the largest-ever movements of early-minted BTC, with origins dating back to the early days of Bitcoin in 2011. 

Bitcoin's spent output shows significant activity in the 10+ year age band, indicating long-held bitcoins are on the move, amidst fluctuations in price from $109.8K to $108.7K on July 4th.

These coins were transferred from eight different wallets, all linked to a single entity, according to Lookonchain data.

Read Also: Bitcoin hits $110k

As per the on-chain monitor, two wallets received 20,000 BTC on April 2, 2011, when Bitcoin was trading at just $0.78. That $15,600 investment is now worth over $2.18 billion.

The remaining six wallets received 60,009 BTC on May 4, 2011, when Bitcoin was priced at $3.37. That's a roughly $202,000 purchase at the time, now valued at $6.52 billion. In the end, 80,000 BTC worth $8.69 billion moved to new wallets.

What is the Significance? 

These early BTC wallets had been silent for over a decade. Such inactivity often suggests lost keys or forgotten holdings. But now, with these assets suddenly moving, speculation is running wild. 

Given the sheer size of the holdings, any sale could put downward pressure on the market—or perhaps the owner intends to hold under tighter security.

80,000 BTC worth $8.69 billion movements like this can stir fear, uncertainty, and doubt (FUD) across the community. However, no corresponding exchange inflows have been observed yet, meaning there's no clear sign that these coins are being liquidated.

Any Reason to Worry? 

For now, there's no major cause for worry among investors since there's no exchange reported yet. However, if this holder decides to sell, it will have a significant impact on Bitcoin prices. 

Selling activity from such a vast pool could even see Bitcoin drop below $100k. Thus, it's only a matter for investors to wait and see the next move. 

However, 80,000 BTC worth $8.69 billion moving is significant.

 Whether this whale plans to sell or simply reorganize remains unknown, but one thing's for sure: the eyes of the crypto world are watching.