2.2k BTC just moved from a wallet that hasn't moved since Oct 2010

in #bitcoin8 years ago

Nearly 4.2m Coin Days destroyed (useful for measuring bitcoins that haven't been moved in a while)
x btc * n days since last move = coinDaysDestroyed

What does this mean? Who knows. Maybe nothing, or maybe a Bitcoin whale is looking to make some waves in the markets.

That many coin days are not often destroyed.

Taken from this transaction id

Via:

Cs46vW4VIAIK6dH.jpglarge7b3ef.jpg

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Thank you for this info. Interesting indeed... Resteemed

maybe that's why it dropped to 595 usd from 610-615

999BTC Ξ888Ξ tweeted @ 21 Sep 2016 - 15:58 UTC

2.2k $BTC with quite the history moved (4.2m #DaysDestroyed).. Explore @BlockSeer >>> blockseer.com/g/rczlksnO0yc9twitter.com/i/web/status/7…

Disclaimer: I am just a bot trying to be helpful.

It took me a minute to actually figure out what that stat actually meant. I think it indicates that someone that has been sitting on some btc for a long time is now make some sort of move. I imagine they are either the Twins preparing for their BTC fund or even Gemini, or someone that is going to cash out big time. Then again, who knows ?

Is there any direct tie to Satoshi or one of his early associates that anyone has been able to determine?

Selling/moving 2000 coins does not cause a $15 price drop