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- Elusive 2010 Bitcoin Whale Moves 2,000 BTC Worth $138M
Elusive 2010 Bitcoin Whale Moves 2,000 BTC Worth $138M
A mysterious Bitcoin whale from 2010 moved 2,000 BTC, valued at $138 million, on May 22, 2024. This marks the fourth such transfer this year, totaling 7,000 BTC worth over $486 million.
Joe G & Money Talks
May 24, 2024 • Estimated Reading Time: 5 minutes
What we will talk about today...
Ethereum ETF Launch Threatens Bitcoin Dominance
Elusive 2010 Bitcoin Whale Moves 2,000 BTC Worth $138M
Ethereum ETF Approval Spurs Contrasting Responses from Michael Saylor and Samson Mow
Ethereum ETFs could spark a new "altseason," reducing Bitcoin's market share.
$BTC.D is finally Breaking the Rising Wedge on the Weekly timeframe chart..!!
#Altseason 2024-25 is already Started..🔥🚀📈
Let's make some Money.. 💰🤑
#Crypto#Bitcoin#Altcoins
— Captain Faibik (@CryptoFaibik)
5:17 AM • May 24, 2024
Main Points:
ETF Impact: Ethereum ETFs may decrease Bitcoin's dominance.
Market Reaction: BTC near $67,000, ETH at $3,700; both dipped post-ETF news.
Analyst Predictions: Mid-June launch expected for ETFs.
Detailed Insights:
Dominance Challenge: Ethereum's ETF approval might disrupt Bitcoin's 18-month dominance trend.
Key Levels: Bitcoin dominance could drop to 52% and 48%.
$BTC Spot Market Data thread
$BTC Binance Spot
Price tagged/tested spot supply around $72KSeeing some initial spot demand around $66K - $65K, reaction is key as well to gauge absorption of sellers
Spot supply remains around current high $72K - $76K
$BTC Coinbase Spot
Spot… x.com/i/web/status/1…— Skew Δ (@52kskew)
8:16 PM • May 23, 2024
Elusive 2010 Bitcoin Whale Moves 2,000 BTC Worth $138M
Just before the 2,000 spent, the whale likely transferred a single 2010 block reward at block height 844582.
A mysterious Bitcoin whale from 2010 moved 2,000 BTC, valued at $138 million, on May 22, 2024. This marks the fourth such transfer this year, totaling 7,000 BTC worth over $486 million.
Main Points:
Transactions: 40 transactions at block height 844,625.
Addresses: Moved from legacy addresses to a P2SH address.
Privacy: Rated poorly by Blockchair.
Detailed Insights:
2024 Activity: Four major transfers.
Historical Pattern: 17 similar moves since 2020.
The whale’s actions highlight the ongoing influence of early Bitcoin adopters and the evolving nature of the blockchain.
₿itcoin reached $67,329. -2.33%
♢Ethereum reached $3,72. -3.21%
MicroStrategy's Michael Saylor and Bitcoin maximalist Samson Mow responded to the SEC's approval of Ethereum ETFs. Saylor remains bullish on Bitcoin, while Mow maintains a bearish outlook on Ethereum despite its brief price surge.
All your models are destroyed when Godzilla arrives. #Bitcoin
— Michael Saylor⚡️ (@saylor)
1:09 PM • May 23, 2024