Satoshi-Era Miner Moves Millions in Bitcoin After 15 Years of Silence
A Bitcoin miner from the community’s earliest days has emerged from dormancy to shift 2,000 BTC, a strategic profit-taking transfer valued at roughly $181 million.
CryptoQuant’s Julio Moreno famous that this represents probably the most vital exercise by a “Satoshi-era” whale since late 2024.
Bitcoin Absorbs $181 Million Satoshi-Era Sell Signal
Moreno highlighted the timing of the transaction and noticed that “Satoshi-era miners [tend to] transfer their Bitcoin at key inflection factors.”
Adding technical context, Sani, the founder of TimechainIndex, confirmed that the funds originated from block rewards mined in 2010. Notably, the blockchain community had rewarded early miners of that period with 50 BTC in block subsidies.
The cash had remained untouched for greater than 15 years throughout 40 legacy Pay-to-Public-Key (P2PK) addresses. They have been later consolidated and transferred to Coinbase.
Typically, market analysts interpret transfers to centralized exchanges as a prelude to an open-market sale.
Meanwhile, this transaction will not be an remoted anomaly however underscores a growing trend of “vintage” supply hitting the market.
Over the previous yr, wallets from the 2009–2011 era have been increasingly reactivated across the Bitcoin network. The exercise displays early holders transferring to lock-in features or replace long-standing custody preparations.
For context, Galaxy Digital had executed one of the largest crypto sales in history by serving to a Satoshi-era investor to promote greater than $9 billion in July 2025.
Crucially, the market has demonstrated outstanding resilience amid this promoting strain. Bitcoin efficiently absorbed these large-scale “OG” provide shocks with out struggling a breakdown in market construction.
This alerts that whereas Bitcoin’s early adopters are transferring to lock in generational wealth, the market’s liquidity stays deep sufficient to deal with their exits.
However, regardless of the instant sell-side strain from legacy holders, long-term institutional forecasts stay bullish.
In a report launched final week, asset supervisor VanEck projected that Bitcoin might attain a theoretical valuation of $2.9 million per coin by 2050. The agency’s thesis depends on the asset’s potential adoption as a world settlement foreign money.
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