2024-03-11 17:50:11
The Mysterious 2010 Bitcoin Whale Strikes Again: Unraveling a Consistent Liquidation Trend Delving into the Whales' MovesIn a thrilling twist, a massive
1,000 BTC transaction by the enigmatic whale coincided with Bitcoin's soaring price, breaching its 2021 record. Just days earlier, this same whale had deftly shifted
2,000 BTC, sourced from ancient block rewards dating back to 2010.
Unveiling the Non-Sequential Block ShuffleOn March 5, the transferred blocks emerged from a sequence spanning heights
71,897 to 91,568, but not in neat order. Similarly, on March 1,
40 block rewards from 2010 made their move in block
832,648, originating from heights
71,233 to 88,846.
A Departure from RoutineThis isn't the usual modus operandi for our crypto leviathan. Typically transacting around
1,000 BTC or
20 block rewards, this time it was a bulk transfer of 40 rewards. This shift caught our attention as an anomaly since we first spotted this whale in early 2020.
Cracking the Code: A Formulaic TrailWith meticulous scrutiny of blockchain data and tools like theholyroger and btcparser, we've discerned a fascinating pattern. Except for that March 2024 surprise of
2,000 BTC, all other observed transactions follow a precise formula: blocks from July to November 2010, each with
20 rewards of
1,000 BTC, moving to a single P2SH address.
Unearthing Clues Beyond PredictabilityOur investigation took us further back, examining blocks 1 to 800,000. We found
381 instances of this pattern since block 1,945, possibly linked to Satoshi. But there were also intriguing outliers, like the consolidation of 20 rewards in block 1,945 into a P2PKH address.
Hints of an Earlier Game PlanDigging deeper, we discovered that this whale's transactions might predate our initial observation in 2020. On Nov. 24, 2019, when Bitcoin was valued at $6,960, a batch of
20 rewards from 2010 moved in a familiar fashion. And there are whispers of another on June 27, 2019.
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