A Bitcoin whale address that has not moved for 14 years has revived and transferred out 10,000 BTC at one time

The blockchain data monitoring platform shows that a Bitcoin address that has not been used since 2011 has been revived today, and 10,000 Bitcoins have been transferred to the address 1GcCK...qHCiU, which is valued at about $1.09 billion at the current market price. This batch of BTC was only worth about $7,610 when purchased in 2011, and its value has soared more than 140,000 times in 14 years.

According to the information on the chain, the address held the coins close to the early stage of Bitcoin. It is worth noting that the address was first active in April 2011, when Mt. Gox was just established and BTCChina had not yet been launched. Bitcoin was still in an extremely niche developer community, and the price of one Bitcoin fluctuated between a few cents and a few dollars.

This transfer has caused heated discussions in the market, and many industry insiders are concerned about whether the funds have flowed into the exchange and whether it indicates potential selling pressure. However, the chain data has not yet shown the subsequent exchange deposit behavior, and the specific purpose is still unclear.

The rare activity of the "whale" account, which has been dormant for more than a decade, not only highlights the amazing wealth growth of early holders, but also triggers discussions about asset security and market stability. The activity of this type of "archaeological coins" has always been regarded as a wind direction indicator of the Bitcoin market, and investors still need to keep an eye on it.