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Crypto News

The oldest Bitcoin Governor moved 8.6 billion dollars, and no one knows the reason

A huge bitcoin transportation that includes $ 8.6 billion from BTC, which is spread over eight governor that has not been touched for more than 14 years, has sparked a wave of speculation within the encryption community.

Transport, which occurred on July 4, included a movement of 80,009 BTC. This concern about the impact of the potential market, the capabilities of the government settlement deal, or even penetration.

Arkham suggests that Bitcoin is worth $ 8.6 billion

Arkham Intelligence, a chain analysis company, believes that transportation has most likely occurred by upgrading a wallet, not filtering.

On July 5 statementArkham refused to speculate on the sale process, explaining that the assets that have been transferred from LEGACY titles 1- to modern BC1Q-Segwit addresses. This transition enhances the efficiency of the treatment and reduces network fees.

Bitcoin whale $ 8.6 billion.
Bitcoin whale $ 8.6 billion. source: Arkham intelligence

Moral currencies were initially deposited between April and May 2011, a period in which Bitcoin is still trading less than one dollar.

Now, after more than a decade, Arkham looks at the fact that the money is spread through eight governors as a technical specialist instead of an event to move the market.

It is worth noting that the price of bitcoin remained stable after transportation, which supports the interpretation of Arkham.

Other theories surround transactions

While Arkham referred to the interpretation of Hamid, others in the industry raised more provocative possibilities.

Cathy Wood, CEO of ARK Invest, asked about the nature of transactions and suggested that this step be linked to a government settlement.

She noted that rapid stability in the Bitcoin market may indicate that the transaction was part of a greater institutional step.

“Bitcoin market has settled somewhat quickly, so can this mass be part of a government settlement deal? Is it now part of the government treasury?” question.

Meanwhile, Coinbase’s CEO, Connor Grogan presented another theory about these transfers by proposing the possibility of penetration.

He noticed that one of the governor sent a small cash treatment from Bitcoin 14 hours before the largest bitcoin converting. According to him, this is a possible sign of testing a quiet key before the larger transactions.

) he books.

However, Grogan confirmed that his theory is still speculative, but I noticed that if it is confirmed, it might mark the greatest theft in the date of encryption.

In addition to mystery, 10x research indicated that the portfolio may be connected to the early Bitcoin investor.

According to the company, speculators note that the timing of the treatment corresponds to the early Ver participation in Bitcoin. They also pointed to his last launch of detention as another evidence of his potential participation with the assets.

“He was released on bail from the Spanish prison on June 5, and Bitcoins moved last time in May 2011 while Roger entered Bitcoin in February 2011. He will definitely have billions of dollars from Bitcoins”, 10x Research He said.

Although there is no direct evidence confirming its involvement, chance has fed more debate within society.

The real reason behind the transfer of $ 8.6 billion is still unclear. However, it is certain that a reformulation has caused renewed talks in this industry.

Disintegration

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