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The latest report from blockchain analysts shows that there has been a significant movement of funds in the Bitcoin network recently. An early investor holding 3,000 Bitcoins suddenly became active at Block Height 908992 after nearly 10 years of silence. This batch of Bitcoins is worth approximately $350 million and is stored across 30 different wallets, with each wallet holding exactly 100 Bitcoins.
It is understood that these Bitcoins were originally acquired in November 2015, when the price of a single Bitcoin was only $336, with a total investment of approximately $1.008 million. Today, as the price of Bitcoin skyrockets to nearly $120,000, the market value of this batch of assets has surged to $348.72 million, achieving an astonishing 34,548% return over 10 years.
It is worth noting that this is not the only large-scale Bitcoin transfer event in recent times. Previously, another early investor holding approximately $9 billion worth of Bitcoin also completed an asset transfer through an institution. However, unlike other whales who tend to concentrate their funds into a single account, this time, the 3,000 Bitcoins were once again dispersed across multiple addresses, indicating a different fund management strategy.
This series of developments has raised market concerns about potential selling pressure. Analysts point out that the large-scale movement of funds by early investors could impact short-term market trends. However, there are also views suggesting that this decentralized method of transfer may imply that holders do not have immediate intentions to sell.
As Bitcoin prices reach new historical highs, market participants are closely watching the subsequent actions of these 'sleeping whales.' In any case, this event once again highlights the incredible potential of Bitcoin as a long-term investment tool, while also reminding investors to be wary of the volatility risks that the market may face.