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.