Unknown mover shifted 1,000 BTC that had lain dormant since 2010

1,000 BTC that had not moved since 2010 have moved. According to the Telegram channel Goldfoundin shit, this is the fifth in a series of similar transactions recently.

Data: Cryptoid.

All moves were carried out in a similar pattern. Goldfoundinshit suggests that the bitcoins belong to the cryptocurrency exchange Coinbase or affiliates of it:

“It seems these ‘clean’ bitcoins are used by Coinbase as a kind of cold wallet for withdrawals from the exchange.”

Analysts estimate that more than a million coins have not moved for more than ten years.

1.78 million bitcoins have never left their miner address.

That is 9.5% of the circulating #Bitcoin supply.

Our analysis shows that 98% of those coins were mined more than 7 years ago, and 94% more than 10 years ago.

Most could be lost forever.https://t.co/iTmMsb6Dan pic.twitter.com/3QBmn3jifJ

— glassnode (@glassnode) December 18, 2020

On December 18, 2020, Glassnode reported that 1.78 million BTC had never moved from miner addresses. Another 4-5 million bitcoins are inaccessible because their owners have died or lost access to their assets.

In 2020, rose significantly the number of addresses with a balance of more than 1,000 BTC. The number of coins on whale wallets also rose.

Major investors among institutional and individual whales made a profit during the autumn Bitcoin rally, buying mainly on pullbacks and selling at local highs.

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