The post Satoshi Era Bitcoin Whale Moves $3.6M Ahead of Nakamoto Face Reveal appeared on BitcoinEthereumNews.com.

Ahead of the much-anticipated documentary release on October 8, which promises to reveal the identity of Bitcoin creator Satoshi Nakamoto, a 2009 Bitcoin whale has moved $3.6 million worth of BTC. This movement has generated significant interest, especially as it coincides with the forthcoming documentary, which has ignited curiosity about Nakamoto’s identity. Satoshi Era Bitcoin Whale Moves $3.6M BTC to Kraken As reported by the blockchain analytics firm Arkham Intelligence, the Satoshi era Bitcoin whale, who has been holding BTC since 2009, moved 221 BTC to the Kraken exchange, equivalent to $3.58 million. He had bought the Bitcoins a month after the cryptocurrency was launched, meaning the coins are among the oldest in existence. UPDATE: ANCIENT BITCOIN WHALE MOVED $3.58M BTC TO EXCHANGES A Bitcoin whale holding over $72.5M Bitcoin from 2009 has sent a total of $3.58M BTC to Kraken with their most recent movements yesterday. This Bitcoin was mined ONE MONTH after Bitcoin’s launch in Feb/March 2009. https://t.co/s7ySYE03wU pic.twitter.com/r8YM6YkmIf — Arkham (@ArkhamIntel) October 4, 2024   This is not the Satoshi era’s Bitcoin whale first movement this year, though. On September 24, Arkham also recorded another transfer of five Bitcoins to Kraken. The whale currently possesses about 1,215 BTC, worth over $72.5 million. Due to the closeness to the source, many people believe that this whale may be a relative of early investors or even the creator of Bitcoin, Satoshi Nakamoto. Nonfarm Payrolls and Bitcoin Price Surge Bitcoin’s price has risen, trading at $62,376 on October 4, 2024, with recent economic data adding to market optimism. The most recent U.S non-farm payroll data showed that employment increased by 254,000 in September, well above the market forecast of 147,000.  This better-than-expected result has improved the market outlook, fueling expectations of a rate cut by the Federal Reserve in November.…

---

Filed under: News - @ October 5, 2024 1:07 am