Dormant for over 6 years, an address transferred out 999.953 BTC
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AT A GLANCE
According to PANews, citing Lookonchain, an address that had been dormant for over 6 years transferred out 999.953 BTC。
Article
Dormant for over 6 years, a Bitcoin whale address transferred out 999.953 BTC, worth approximately 78120000 USD
PANews November 2 According to Lookonchain, a wallet address that had been dormant for over 6 years transferred out all of its holdings of 999.953 BTC, worth approximately 78120000 USD. The address received this batch of 6 years ago BTC, when the BTC price was 10,727 USD. Based on this, the batch of BTC was worth approximately at the time 10730000 USD。
A wallet address that had been dormant for over 6 years transferred out all of its 999.953 BTC。
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The reported value of this batch of BTC is estimated at approximately 78120000 USD。
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The address received this batch of 6 more than BTC years ago BTC, when the 10,727 USD price was 10730000 USD。
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The news was reported by PANews, citing Lookonchain.
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
This is an on-chain report of a long-inactive wallet address transferring out a large amount of BTC. The report noted that when the address previously received this batch of BTC, the price was below the level corresponding to the current valuation.
Why it matters to readers
This transfer involved nearly 1000 BTC, and the market may monitor the subsequent flow of funds.
It illustrates the relationship between on-chain address transfers, holding periods, and asset valuation; the transfer itself does not mean that the assets have been sold.
Risks and unknowns
The report did not provide the wallet address or transaction hash.
The report did not state whether the receiving address was an exchange.
Based solely on the report, it cannot be confirmed whether this batch of BTC has already been sold.
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Related concepts
BTC
The abbreviation commonly used for Bitcoin when referring to it as a digital currency.
The destination information that must be verified when receiving or sending cryptocurrency; transfers are generally irreversible if it is entered incorrectly.
