BTC That Had Been Dormant For 14 Years Awakened…2009~2011 Miner Large-scale Transfer Circumstances

Large assets are moving continuously from Bitcoin (BTC) wallets that were dormant for 14 years. Today alone, BTC from at least six whale addresses has been transferred to anonymous wallets, attracting market attention.

Coinbase Director of Product Strategy Conor Grogan analyzed, "This movement seems to be led by an anonymous miner who held 200,000 BTC in a single wallet in 2011." He added, "These addresses were generated by early mining activities between 2009 and 2011, and they are likely early ecosystem developers rather than mere investors."

Most recently, about 10,000 BTC moved to an anonymous wallet from another 14-year-old dormant address. This address is assumed to have been holding Bitcoin mined in the early 2010s for a long time, and the several transfers made during a day seem to be an attempt at systematic asset relocation.

It is not yet confirmed whether this transfer will lead to actual selling in the market, but concerns have been raised that it could act as a psychological unease factor among some investors. However, some experts have pointed out that "old whales might be readjusting their positions or moving to institutional custody environments," and excessive interpretation should be cautioned against.

The Bitcoin market is currently in a phase of technical adjustment, but such movements of whale wallets can be interpreted as significant signals related to future price volatility.