A Satoshi-era Bitcoin whale has awakened after 14 years of dormancy, moving $4.6 billion worth of Bitcoin. This move is being closely monitored by the cryptocurrency community, as whale actions can significantly impact the market.
Blockchain intelligence firm Arkham reports that the recent $8.6 billion Bitcoin transfer doesn't appear to be leading to a sell-off. Arkham suggested the transfer may be related to a wallet upgrade.
A Bitcoin transfer worth over $9 billion from wallets linked to the defunct Mt. Gox exchange was not a hack, but a planned step toward creditor repayment. The rehabilitation trustee confirmed payments will begin in July 2024, calming market fears of a massive, unscheduled sell-off.
