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20,000 Bitcoin Moved After 14-Year Silence: First In History

  • In a historic move, 20,000 BTC that had been dormant for 14 years was recently transferred, marking a significant event in Bitcoin's history.
  • The value of these bitcoins, which were last transacted in April 2011, has now increased to upwards of $2.1 billion, resulting in a profit gain of almost 13.8 million percent for the owner.
  • The movement of these ancient bitcoins also caused a notable spike in Bitcoin's Coin Days Destroyed (CDD) indicator, with over 104 million coin days being reset across the network.
  • The motive behind these transfers, commonly associated with selling, may not necessarily indicate a high-conviction holder, as the coins may have been rediscovered after being lost for years.

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