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Why Satoshi-Era Bitcoin Are Relevant To Market Dynamics — Analyst Explains

  • A dormant whale holding Bitcoin mined in 2011 became active, moving around 81,000 BTC worth $8.8 billion.
  • The rare movement sparked conversations in the crypto community, with an analyst highlighting the significance of old Bitcoin.
  • The on-chain analysis revealed that coins from the Satoshi-era miners still hold a significant portion of the total BTC supply.
  • The movement of old Bitcoin is deemed critical to market dynamics, showcasing the influence of long-term holders on the cryptocurrency market.

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