Yesterday, new ones were added to the transfers of early cryptocurrency investors that we have started to see a lot recently. Bitcoin and Ether investors made significant transfers that did not escape the follow-up of on-chain analysts.

The price was $124

According to Lookonchain, two Bitcoin wallets that have not moved for 10.7 years have moved a total of 1000 BTC to other wallets. The first of these transfers, which appear to belong to the same person or institution, was made from wallets starting with “16vRqA” and the second from wallets starting with “1DUJuH”.

One wallet received 500 BTC each on September 12, 2013, and the other on September 13, 2013. The Bitcoin price was $124 on those two days. The current value of the 1000 BTC transfer is around 61 million dollars…

Former Bitcoin traders have been known to move their BTC to newer wallets recently, and most of these transfers are not for sale.

Is it profit-taking in Ether?

The Ether trader in the other example, however, appears to have gone for a significant profit realization. According to SpotOnChain, another on-chain data platform, an account that bought Ether on the Poloniex exchange in 2016 at a price of $11 sent 4153 ETH to the Coinbase exchange.

This account had bought 12,423 Ether in 2016. The total price of these ETH on that day was $137 thousand. Today’s value is over $12 million.

It is almost certain that the trader sold the ETH they sent to the exchange. Therefore, on-chain, on-exchange

Therefore, although on-chain transactions are not reflected in on-exchange movements, it is very likely that this person made a significant profit realization…