A new one has been added to the transfers of old Bitcoins to exchanges or new wallets, which have been seen in increasing numbers recently. A person or organisation transferred BTCs in various wallets, which it has never touched since 2010, to a single wallet.

Like a 50 BTC reward…

Making 40 transfers, this person or institution carried 50 BTC in each transaction and sent a total of 2000 Bitcoins to a single address. At that time, it is also known that miners received 50 BTC per block. While it is noteworthy that the outgoing wallets have not seen any movement since 2010, the Bitcoin price was around $0.20 at the time the rewards were won. Currently, the total value of these BTCs corresponds to $140 million.

In other words, the account holder had never touched his BTCs from around $0.20 until the price of $70,000 was seen. The reason for the transfer is unknown. Bitcoin reached a level of $69,000 in 2021, but this account did not touch its BTC again. At this price level in the intervening 2.5 years, it is also a matter of curiosity why these transfers were made…

Ki Young Ju, founder and CEO of CryptoQuant, stated that this is a sign of a possible liquidity crisis on the sales side.

A similar transfer was made over the weekend, and the 5th largest Bitcoin account made a $6 billion BTC transfer.