The post Mysterious Bitcoin whale from Satoshi Age moves again to dump 2,000 BTC ($180M) appeared on BitcoinEthereumNews.com.

A mysterious Bitcoin (BTC) whale from the Satoshi era has moved again, raising more questions about its dormant intentions. In a single move, the mysterious whale deposited 2,000 BTC from different anonymous addresses into a single Coinbase account. As developed, the whale consolidated 40 addresses holding 50 BTC each from Bitcoin’s mining rewards (coinbase) to make the deposit. These were Pay-to-Public-Key-Hash (P2PKH) addresses, used to make their traceability difficult when deciding to move these funds in the future. Transaction 983311045cf0bbf09b9469ed9699585194285494d048a96058e9dd444b33b7ae. Source: mempool.space / Finbold Sani, the founder of TimeChain Index, spotted the mysterious movement, posting about it on November 15. Who is this mysterious Bitcoin whale from the Satoshi era? What is notable about this behavior is that the wallets remained dormant since 2010, in a period that favored privacy. The 14-year 40 dormant addresses were also used in a way that improved their privacy at that time. However, by consolidating all these previously unrelated addresses into a single regulated and identified account, the holder has revealed itself. Not publicly yet, at least, but some Coinbase employees will potentially be able to identify this mysterious entity, endangering them. Furthermore, a Bitcoin.com News report claims to have been monitoring this entity since 2020 through previous similar moves. As reported, this whale has surfaced five times in 2024, consolidating and moving 9,000 BTC from the Satoshi Age. “The transaction followed the same pattern the mega whale has used before, with no attempt at privacy. One thing’s certain: this whale definitely has a method to its madness. This latest movement by the elusive whale highlights a methodical approach that has persisted through time, with large transfers that have periodically stirred onchain observers.” – Jamie Redman for Bitcoin.com News Bitcoin (BTC) price analysis In the meantime, Bitcoin is trading at $89,200 making the 2,000…

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Filed under: News - @ November 15, 2024 11:23 am