The BTC that is on the move today appears to be from a single miner from 2011
Here is the transaction where they consolidated 180 mined reward blocks a few hops back. They had an address with 200k BTC in it at one point in 2011 (would be $22B today) which is a top 5 wallet ever
Here is the transaction where they consolidated 180 mined reward blocks a few hops back. They had an address with 200k BTC in it at one point in 2011 (would be $22B today) which is a top 5 wallet ever
https://twitter.com/pete_rizzo_/status/1941116498988396874
If I had to guess (50%+), this is an unmarked exchange cold wallet, given some of the behavior of related wallets and also history of things like this, but its quite odd
Also assume psyops, its a US holiday into a weekend, generally if someone was going to unload size they wouldnt wake up when everyone is at the beach
BTW I'm being extremely loose with "they" as there have been multiple hops and the btc very well may have exchanged hands and ownership multiple times
I think I am adjusting my confidence downwards that this is an exchange, and upwards that this is an OG. I see connections to Coinjoin. I think I would put my odds now at 65% this is an OG miner
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