Unknown mover shifts 5,000 BTC that had lain idle since 2013

On Thursday, March 11, 5,000 BTC (~$284 million) moved for the first time since the 2013 consolidation. The movement was reported by the Telegram channel Goldfoundinshit.

Source: Blockchair.

The Whale Alert service also reported the movement. Twitter users joked that someone had decided to ‘retire’. One commenter speculated that the funds belonged to the darknet marketplace Silk Road.

💤💤💤💤💤💤💤💤💤💤 5,000 #BTC (280,814,423 USD) was moved from an inactive address (last used 7 years ago)!https://t.co/oxJ1K80Cj1

— Whale Alert (@whale_alert) March 11, 2021

On February 28, 2021, 1000 BTC moved, sleeping since 2010. Prior to this, Glassnode noted that starting from a similar transaction on December 28, 2020, all moves of large batches of old coins nearly perfectly aligned with local price highs, after which the price tended to fall.

In the same month, unknown transferred 2189 BTC, consolidated onto an address created in 2013.

ForkLog reported the movement of 8000 BTC mined in 2010. Analysts suggested that the coins belonged to the cryptocurrency exchange Coinbase.

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