U.Today – A strange comeback was recorded on the chain today as the main holder (BTC) came back to life after almost 12 years of inactivity. As first revealed by the Whale Alert report, 235 BTC, or the equivalent of $17.43 million, came to life for the first time since March 2013.
However, their move may upset some as the owners of these BTC addresses under the code “1QHvbR” have been transferred to the wallet of the largest US exchange Kraken.
According to the general consensus among cryptocurrency market participants, such transfers are interpreted as the intention of a gigantic investor to sell his assets by transferring them from his own depository to a liquid cryptocurrency buying and selling platform.
This was probably the reason in our case because the transfer occurred on the day Bitcoin reached a novel high. Back in March, the price of one BTC was less than $100, and the cryptocurrency itself had just experienced its first augment.
But 12 years later, the price of Bitcoin is already over $75,000, and the asset itself is a full-fledged, institutionalized financial instrument with tens of millions of holders and a capitalization of almost $1.5 trillion.
However, this unknown Bitcoin investor did not transfer all 235 BTC to Kraken and most of the positions remained in his wallet. Currently, according to on-chain data, “1QHvbR” still holds 125.55 BTC, which is approximately $9.31 million.
The question is whether these Bitcoins will be realized on some exchange or whether the unknown investor will disappear again for a few years before resurfacing.
