Crypto analyst Qi Young Yu believes that the consolidation of 2,000 BTC by old miners into one wallet indicates “the awakening of a liquidity crisis on the sell side.” This may result in increased volatility and price fluctuations.
- An unknown actor collected 2,000 BTC mined in 2010 into one wallet on March 26th.
- Mining rewards were about $600 then, now their value is about $140 million.
- There was another large transfer this past weekend, with the fifth largest BTC address moving $6 billion in BTC to three different addresses.
