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.
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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