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Bitcoin Circle (120BTc.coM): The long-dormant Bitcoin has resurfaced. Recently, a rare Bitcoin transfer has attracted market attention. According to CoinDesk, on-chain data company CryptoQuant said that early miners on the same ladder as Nakamoto moved more than 1,000 Bitcoins to cryptocurrency trading platforms and custody services. The last transfer of this batch of Bitcoins was 13 years ago in 2010, when the value of Bitcoin was only $100.

 Bitcoin in the Age of Satoshi Nakamoto

According to the blockchain explorer, the Bitcoins in this transaction came from the miner reward wallet mined at the end of 2010. In other words, they are almost the same as the Bitcoins obtained by Satoshi Nakamoto, the founder of Bitcoin, from mining on the same ladder. currency.

The transfer of this Bitcoin was from 58 early Bitcoin address format addresses (starting with 1) with Coinbase rewards (only block rewards), which were gathered into one transaction and transferred to the new address 35BRV3y2tEJNCHbmVtAe3kXNckYgu8X7av, and then all the amounts in the wallet were transferred to the address bc1qsls7tgj6e2rzc65a22m5ck7nd3dlcsn0787r70, and the receiving wallet (bc1q) was subsequently transferred to the Coinbase custody address. It is reasonable to speculate that bc1q may be the personal receiving address generated by the user using the Coinbase exchange, and it is most likely transferred to sell coins.

 The reason for waking up? 

And why did Satoshi Nakamoto, a fellow miner, decide to sell his Bitcoins at this time? The recent news that Bitcoin may pass from spot ETF, coupled with the vigorous development of Bitcoin Inscription, has triggered a wave of Bitcoin bull market. For long-term holders, even the price of more than 40,000 US dollars is still relatively low. High Point.

Another possibility is that according to past news reports, many miners did not properly keep their early Bitcoin private keys. Therefore, a more likely scenario is that this "classmate" of Satoshi Nakamoto finally succeeded through various methods. His private key was restored and after 13 years it was successfully multiplied 430,000 times from its original value of US$100. The profit from the exit may exceed US$43 million.

No matter what, miners who enter the market early usually gain a lot. This is also because they benefit from the principle of Bitcoin’s continuous supply halving, so the earlier people can reap more. As long as you find the private key, Bitcoin is guaranteed to allow you to cash out for more than ten years. Mining bonus, no one can steal it from you.