Coinbase Transfer of 14-Year-Old Idle Bitcoin Wallet Brings a Drop in Price!

In Bitcoin, a 14-year-old miner’s wallet sent 50 BTC to Coinbase, causing a decrease in the price.

A post shared by on-chain analysis account Lookonchain on March 14. to the post according to 14 years of Bitcoin His wallet took action and transferred to Coinbase.

The point that attracted attention was that the wallet in question was from the era of Bitcoin founder Satoshi Nakamoto. Bitcoins in wallet 25 April 2010′on-chain account inactivity since (in-chain) gave a big signal in the data.

Approximately 50 Bitcoin transfers worth $3.67 million brought a decrease in price. Bitcoin price after the transfer, 73 thousand from dollar levels 2.5% with retreat 71,770 fell to the dollar.

After Bitcoin made ATH recently, a similar transfer occurred in the price. 10 thousand dollars had led to a decline.

According to CoinGecko data, Bitcoin, at the time of writing from $71,971 is being traded.


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