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The large Bitcoin transfers series shocked the cryptocurrency industry, leaving many questions and wild theories.
Last week, several cryptocurrency surveillance units noted that they had transported $ 80,000 BTC worth $ 8.6 billion, carrying eight different 10,000 BTC transactions from one entity. These operations are particularly interesting as this is the first time that the property has been moved over a decade.
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According to the cryptocurrency intelligence platform Arkham, the property was last moved since 2011. April 2 Until 2011 May 4 At that time, the assets were selling less than $ 1.
“After analyzing Bitcoin in 8 years, I have never seen anything like that,” cryptoquan analyst JA Marketun Said, commenting on the step.
What is going on? The answer depends on what you ask.
According to Arkham, surgery is probably only an address update from the old Bitcoin address standard. The platform said there are no signs that the entity sells the property, despite sitting on the eyes of $ 10.8 million.
On the other hand, Coinbase (Nasdaq: Coin) Product Business Operations Manager Conor Grogan raised a more threatening opportunity.
“There is a small chance that a recent awakening BTC 8B USD BTC has been broken or damaged by private keys,” he said.
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Grogan said the Wallet owner initially tested his wallet keys with Bitcoin Cash test operation against Bitcoin transfers. He questioned why the subject also did not clean his Bitcoin Cash wallets.
“Why would they not wipe them out either?” He said. “It’s all extreme speculation, but the movements here are very strange.”
He emphasized that if it appeared as a hack, “it would be the largest in Hist’s history so far.”
Meanwhile, CEO of Ark Invest Cathie Wood guessed whether transactions could be part of the “Government Agreement”, indicating the lack of an extended market reaction.