BTC price top warnings emerge as 10K BTC leaves wallet after 9 years
Coins which last moved in the “lawless era” are liquid again, and on-chain data shows such events mark macro BTC price tops. Bitcoin (BTC) hodlers are asking questions after 10,000 BTC dormant since 2013 suddenly left its wallet. On-chain data flagged on Aug. 28-29 confirmed a large tranche of Bitcoin had become liquid again after nearly a decade. “Lawless era” Bitcoin hit the road Analysts first began to notice curiously high transaction volumes this weekend as 5,000 BTC was included in a block. Having stayed in the same wallet since 2013, the funds, the owner of which remains unknown, were soon joined by a near identical 5,000 BTC a day later. In total, 10,000 BTC moved for the first time since 2013, and on-chain sleuths are curious as to the motive of the whale in charge. Analysis of the destination wallets has concluded that the funds were not sent to anexchange for sale. Instead, they were split among a large number of new wallets. Considering the reasoning behind the move, Maar...