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The killer of Bitcoin’s plunge During the same period the Sato

Date:2024-04-23 18:16:53 Channel:Crypto Read:
In the world of cryptocurrencies, every event can cause huge ripples, especially when it comes to the giant that is Bitcoin. Recently, a piece of news caused an uproar in the industry: the Satoshi Nakamoto whale seemed to transfer 1,000 Bitcoins to Coinbaseee. At the same time, the price of Bitcoin plummeted, triggering a lot of speculation about the market. What story is hidden behind this series of events? Let us uncover this mystery together and explore its secrets.
As one of the most famous cryptocurrencies, Bitcoin’s price fluctuations have always attracted much attention. When Bitcoin prices fluctuate wildly, people tend to look for the reasons behind them. The latest plunge appears to be inextricably linked to the behavior of the Satoshi Nakamoto whale. The identity of Satoshi Nakamoto, the founder of Bitcoin, has always been a mystery. And the Bitcoin he holds has also been attracting attention. Recently, there was news that the whale Satoshi Nakamoto transferred 1,000 Bitcoins to Coinbaseee. This move caused market shock and intensified the decline in Bitcoin prices. Is this a coincidence or intentional? We might as well discuss in depth the identity of Satoshi Nakamoto, the characteristics of the Bitcoin market, and the role of Coinbaseee.
First, let’s take a look at the mysterious figure Satoshi Nakamoto. There have always been various speculations about the identity of Satoshi Nakamoto. Some people think that Satoshi Nakamoto is a person, while others think that Satoshi Nakamoto is a team. No matter who he is, Satoshi Nakamoto owns a large number of Bitcoins in the Bitcoin system. Once Satoshi Nakamoto’s Bitcoin movements are exposed, the market often experiences unusual fluctuations. 1,000 Bitcoins is not a huge amount for the market, but it is enough to attract people's attention. Satoshi Nakamoto’s whale chose to transfer Bitcoin to Coinbaseee. Does this mean that he has predicted the market trend? Or is it just an ordinary allocation of funds? The mystery behind this is puzzling.
Secondly, the Bitcoin market itself is a volatile world. Bitcoin price fluctuations are often staggering, and investors often look for opportunities in the ups and downs of the market. When there is a temporal correspondence between the Bitcoin transfer behavior of Satoshi Whale and the plunge in Bitcoin prices, people can't help but wonder whether this is a causal relationship. The Bitcoin market is characterized by severe information asymmetry, and one piece of news is often enough to trigger violent market fluctuations. Will the behavior of Satoshi Nakamoto’s whale trigger a wider market chain reaction? This is the focus of market participants.
Finally, let us focus on the Coinbaseee platform. As a world-renowned cryptocurrency exchange, Coinbaseee has always played an important role. Satoshi Nakamoto’s whale chose to transfer Bitcoin to Coinbaseee. Does this mean he trusts Coinbaseee? How will Coinbaseee respond to the arrival of this huge amount of money? As a neutral third-party platform, how will Coinbaseee’s actions affect market trends? These issues are worthy of our in-depth consideration.
To sum up, there may be more stories hidden behind the incident of Satoshi Nakamoto whale transferring 1,000 Bitcoins to Coinbaseee. The volatility of the Bitcoin market, the mystery of Satoshi Nakamoto’s identity, and the role of Coinbaseee have added more mystery to this incident. Perhaps, only the passage of time can reveal this mystery, let us wait and see. The world of cryptocurrency is always full of unknowns and surprises. Let us witness the development of this dynamic market.

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Binance INTL
OKX INTL
Gate.io INTL
Huobi INTL
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China Line APP DL China Line APP DL
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Note: The above exchange logo is the official website registration link, and the text is the APP download link.

Coin Circle (120BTC.com) News: Bitcoin (BTC) briefly broke through the US$69,000 mark at 11 o'clock late at night yesterday (5th), reaching a maximum of US$69,080, setting a new record high of US$69,000 in the 2021 bull market. Unexpectedly, selling pressure immediately followed. The price quickly evaporated by US$10,000, with the lowest plummeting to US$59,005, a drop of more than 14.5%. Before the time of writing, it had rebounded to US$63,684, and the drop in the past 24 hours was still as high as 6.7%.

The violent fluctuations of BTC late at night caused the liquidation amount of the entire network to reach US$1.13 billion in the past 24 hours, of which Bitcoin liquidation amount was US$321 million, ranking first.

 Satoshi Nakamoto transferred 1,000 BTC to Coinbase during the same period, making a huge profit of over US$60 million

The community is discussing the reasons for last night's plunge, and a Satoshi Nakamoto whale at the same time is suspected to be the culprit of this wave of selling pressure. Blockchain monitoring account SpotonChain tweeted earlier today (6) that a Bitcoin whale woke up after 14 years of dormancy and sold all 1,000 Bitcoins (worth nearly 6,710 USD) about 20 hours ago at a price of $67,116. million) was deposited into the Coinbase exchange and was allegedly responsible for the recent market crash. The whale minted these BTC in 2010 when the price was below $0.28, suggesting he may have made over $60 million in profit.

This also means that the whale’s Bitcoin assets have increased in value by at least 239,642 times.

 The whale was an early miner in 2010 and transferred a total of more than 17,000 BTC

According to Bitcoin.comNews, the 1,000 BTC transferred by the whale were originally block rewards obtained from mining between August and November 2010 (at that time, the block reward was as high as 50 BTC).

The whale merged and transferred 20 block rewards to the address starting with "36i1W" yesterday. All related transactions appeared at block height 833,219, and then transferred 1,000 BTC to Coinbase.

btcparser.com captured 20 BTC block reward transfers on March 5

According to data from btcparser.com, as of the latest transfer, the whale has carried out 16 activities and transferred a total of 17,000 BTC, worth more than $1.08 billion at current prices. According to the report, the whale often operates at critical moments in the price of Bitcoin.

“The whale first appeared on March 11, 2020, when BTC prices fluctuated between $7,953 and just under $4,000 in 24 hours. And one of the two events in November 2021 coincided with BTC’s record that year The all-time high time point is consistent.”

 2000 BTC were transferred on March 1st

As the price of Bitcoin soared in recent days, the giant whale took action again on March 1, transferring 2,000 Bitcoins mined in 2010, worth nearly $124 million at the time.

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