Cryptocurrency moved over $ 2.3 billion in BTC after 14 years of inactivity

The cryptocurrency marketwas stirred by thenews of a large-scale transfer of bitcoins BTC $118,014.78 Bitcoin 0.62% Market capitalization $2.35 trillion VOL. 24 hours $2.04 billion from a wallet that had not been used for more than 14 years. As it became known, an unknown owner transferred more than 20 thousand BTC, which is currently estimated at $ 2 365 698 000. This activity immediately raised concerns about possible pressure on the market and the risk of a correction in the value of the main cryptocurrency.

According to analytical services, the wallet that made the transfer was activated for the first time since 2010, which is back to the early days of bitcoin. Observers note that a significant number of the transferred coins have been listed on various exchanges, which is often seen as preparation for sale. Against the backdrop of this event, the market has intensified talk about the potential pressure on the BTC price in the event of the sale of such a volume.

Experts point out that even a partial sale of such a volume of bitcoins could lead to short-term fluctuations in the exchange rate, given the current market volatility. At the same time, some analysts believe that the situation may also indicate an increase in the activity of early investors who have been holding their stocks until now.

It is worth adding that in recent months, the market has already faced similar movements of large sums from «old» wallets, but not all of them ended in massive sales. Nevertheless, the current event has become noticeable to both traders and analysts who closely monitor such signals.

It is not yet known whether the owner plans to sell all the transferred bitcoins at once or whether this is just another portfolio reformatting. Nevertheless, market participants continue to closely monitor the dynamics of large addresses, assessing the risks for further price changes.