{"id":297,"date":"2022-10-19T14:20:53","date_gmt":"2022-10-19T14:20:53","guid":{"rendered":"http:\/\/live-script.xyz\/btc-whale-transfers-940-million-out-of-coinbase-3-batches-of-sleeping-bitcoins-from-2011-move\/"},"modified":"2022-10-19T14:20:53","modified_gmt":"2022-10-19T14:20:53","slug":"btc-whale-transfers-940-million-out-of-coinbase-3-batches-of-sleeping-bitcoins-from-2011-move","status":"publish","type":"post","link":"https:\/\/live-script.xyz\/btc-whale-transfers-940-million-out-of-coinbase-3-batches-of-sleeping-bitcoins-from-2011-move\/","title":{"rendered":"BTC Whale Transfers $940 Million Out of Coinbase \u2014 3 Batches of \u2018Sleeping Bitcoins\u2019 From 2011 Move"},"content":{"rendered":"

On Tuesday, October 18, researchers from the crypto analysis platform Cryptoquant identified an outflow of 48,000 bitcoin coming from the trading platform Coinbase Pro. According to the researcher\u2019s summary of the situation, a large portion of the funds were old coins. <\/strong><\/p>\n

Whale Transfers 48,000 Bitcoin Amid Coiled Market<\/h2>\n

While bitcoin (BTC)<\/a> has been trading under the $20K region and trading sideways, observers have witnessed a number of old coins move onchain. The onchain movement comes at a time when market volatility is expected. For instance, the latest Glassnode Insights report called \u201cA Coiled Spring,\u201d expects some bitcoin price fluctuations to occur in the near future.<\/p>\n\n

\u201cThe bitcoin market is primed for volatility, with both realized and options implied volatility falling to historical lows,\u201d Glassnode wrote<\/a> on October 17. \u201cFutures open interest has hit new all-time-highs, despite liquidations being at all-time-lows. Volatility is likely on the horizon, and Bitcoin prices rarely sit still for long.\u201d<\/p>\n

The following day, researchers from the crypto analysis platform Cryptoquant tweeted<\/a> that 48,000 dormant bitcoins moved onchain on Tuesday. \u201cDormant bitcoin moved out from Coinbase Pro,\u201d Cryptoquant said on Twitter. \u201cThe outflow of 48K BTC<\/a> is coming from Coinbase Pro and has a dollar value of [$940 million].\u201d<\/p>\n\n

Cryptoquant said that a \u201cbig portion\u201d of the onchain spending stemmed from batches of really old bitcoins, at least three to five years in age. The researchers estimate roughly 32,000 BTC<\/a> of the 48K were between three to five years old. \u201cFurther investigation is needed to conclude whether it\u2019s an exchange in-house flow, sent to a new wallet, or just a clean outflow,\u201d Cryptoquant detailed<\/a> on Tuesday.<\/p>\n

In an update following the initial post, Cryptoquant explained that 8,000 BTC<\/a> was deposited on Coinbase shortly after. \u201cThe transactions were partially split into batches of 122 BTC<\/a>. We\u2019ve seen this multiple times during the 2021 bull run, right? Ahem institutions,\u201d Cryptoquant added.<\/p>\n

11-Year-Old \u2018Sleeping Bitcoins\u2019 Wake After Years of Slumber<\/h2>\n

In addition to the 48,000 coins moving onchain with a great majority being dormant bitcoins, a few addresses from 2011 have sent a few batches of so-called \u2018sleeping bitcoins\u2019 this month. Btcparser.com<\/a> caught sleeping bitcoins moving<\/a> from an address created on May 14, 2011, when they were transferred on October 10, 2022, at block height 758,046.<\/p>\n

On the same day, a dormant address created on October 24, 2011, moved<\/a> 40 BTC<\/a>. Seven days later, a batch of 10.29 sleeping bitcoins from an address created on September 20, 2011, was transferred for the first time in 11 years.<\/p>\n

What do you think about the old bitcoin spends happening in recent times? Let us know your thoughts about this subject in the comments section below. <\/strong><\/em><\/p>","protected":false},"excerpt":{"rendered":"

On Tuesday, October 18, researchers from the crypto analysis platform Cryptoquant identified an outflow of 48,000 bitcoin coming from the trading platform Coinbase Pro. According to the researcher\u2019s summary of the situation, a large portion of the funds were old coins. Whale Transfers 48,000 Bitcoin Amid Coiled Market While bitcoin (BTC) has been trading under […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[],"yoast_head":"\nBTC Whale Transfers $940 Million Out of Coinbase \u2014 3 Batches of \u2018Sleeping Bitcoins\u2019 From 2011 Move - Latest Cryptocurrency & blockchain News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"http:\/\/live-script.xyz\/btc-whale-transfers-940-million-out-of-coinbase-3-batches-of-sleeping-bitcoins-from-2011-move\/\" \/>\n<meta property=\"og:locale\" content=\"ko_KR\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"BTC Whale Transfers $940 Million Out of Coinbase \u2014 3 Batches of \u2018Sleeping Bitcoins\u2019 From 2011 Move - Latest Cryptocurrency & blockchain News\" \/>\n<meta property=\"og:description\" content=\"On Tuesday, October 18, researchers from the crypto analysis platform Cryptoquant identified an outflow of 48,000 bitcoin coming from the trading platform Coinbase Pro. According to the researcher\u2019s summary of the situation, a large portion of the funds were old coins. Whale Transfers 48,000 Bitcoin Amid Coiled Market While bitcoin (BTC) has been trading under […]\" \/>\n<meta property=\"og:url\" content=\"http:\/\/live-script.xyz\/btc-whale-transfers-940-million-out-of-coinbase-3-batches-of-sleeping-bitcoins-from-2011-move\/\" \/>\n<meta property=\"og:site_name\" content=\"Latest Cryptocurrency & blockchain News\" \/>\n<meta property=\"article:published_time\" content=\"2022-10-19T14:20:53+00:00\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"2\ubd84\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Organization\",\"@id\":\"http:\/\/live-script.xyz\/#organization\",\"name\":\"Latest Cryptocurrency & blockchain News\",\"url\":\"http:\/\/live-script.xyz\/\",\"sameAs\":[],\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"ko-KR\",\"@id\":\"http:\/\/live-script.xyz\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/live-script.xyz\/wp-content\/uploads\/2022\/07\/cropped-cropped-pngwing.com_.png\",\"contentUrl\":\"https:\/\/live-script.xyz\/wp-content\/uploads\/2022\/07\/cropped-cropped-pngwing.com_.png\",\"width\":2000,\"height\":800,\"caption\":\"Latest Cryptocurrency & blockchain News\"},\"image\":{\"@id\":\"http:\/\/live-script.xyz\/#\/schema\/logo\/image\/\"}},{\"@type\":\"WebSite\",\"@id\":\"http:\/\/live-script.xyz\/#website\",\"url\":\"http:\/\/live-script.xyz\/\",\"name\":\"Latest Cryptocurrency & blockchain News\",\"description\":\"\",\"publisher\":{\"@id\":\"http:\/\/live-script.xyz\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"http:\/\/live-script.xyz\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"ko-KR\"},{\"@type\":\"WebPage\",\"@id\":\"http:\/\/live-script.xyz\/btc-whale-transfers-940-million-out-of-coinbase-3-batches-of-sleeping-bitcoins-from-2011-move\/\",\"url\":\"http:\/\/live-script.xyz\/btc-whale-transfers-940-million-out-of-coinbase-3-batches-of-sleeping-bitcoins-from-2011-move\/\",\"name\":\"BTC Whale Transfers $940 Million Out of Coinbase \u2014 3 Batches of \u2018Sleeping Bitcoins\u2019 From 2011 Move - Latest Cryptocurrency & blockchain News\",\"isPartOf\":{\"@id\":\"http:\/\/live-script.xyz\/#website\"},\"datePublished\":\"2022-10-19T14:20:53+00:00\",\"dateModified\":\"2022-10-19T14:20:53+00:00\",\"breadcrumb\":{\"@id\":\"http:\/\/live-script.xyz\/btc-whale-transfers-940-million-out-of-coinbase-3-batches-of-sleeping-bitcoins-from-2011-move\/#breadcrumb\"},\"inLanguage\":\"ko-KR\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"http:\/\/live-script.xyz\/btc-whale-transfers-940-million-out-of-coinbase-3-batches-of-sleeping-bitcoins-from-2011-move\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"http:\/\/live-script.xyz\/btc-whale-transfers-940-million-out-of-coinbase-3-batches-of-sleeping-bitcoins-from-2011-move\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"http:\/\/live-script.xyz\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"BTC Whale Transfers $940 Million Out of Coinbase \u2014 3 Batches of \u2018Sleeping Bitcoins\u2019 From 2011 Move\"}]},{\"@type\":\"Article\",\"@id\":\"http:\/\/live-script.xyz\/btc-whale-transfers-940-million-out-of-coinbase-3-batches-of-sleeping-bitcoins-from-2011-move\/#article\",\"isPartOf\":{\"@id\":\"http:\/\/live-script.xyz\/btc-whale-transfers-940-million-out-of-coinbase-3-batches-of-sleeping-bitcoins-from-2011-move\/\"},\"author\":{\"name\":\"\",\"@id\":\"\"},\"headline\":\"BTC Whale Transfers $940 Million Out of Coinbase \u2014 3 Batches of \u2018Sleeping Bitcoins\u2019 From 2011 Move\",\"datePublished\":\"2022-10-19T14:20:53+00:00\",\"dateModified\":\"2022-10-19T14:20:53+00:00\",\"mainEntityOfPage\":{\"@id\":\"http:\/\/live-script.xyz\/btc-whale-transfers-940-million-out-of-coinbase-3-batches-of-sleeping-bitcoins-from-2011-move\/\"},\"wordCount\":436,\"commentCount\":0,\"publisher\":{\"@id\":\"http:\/\/live-script.xyz\/#organization\"},\"articleSection\":[\"crypto-news\"],\"inLanguage\":\"ko-KR\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"http:\/\/live-script.xyz\/btc-whale-transfers-940-million-out-of-coinbase-3-batches-of-sleeping-bitcoins-from-2011-move\/#respond\"]}]}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"BTC Whale Transfers $940 Million Out of Coinbase \u2014 3 Batches of \u2018Sleeping Bitcoins\u2019 From 2011 Move - Latest Cryptocurrency & blockchain News","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"http:\/\/live-script.xyz\/btc-whale-transfers-940-million-out-of-coinbase-3-batches-of-sleeping-bitcoins-from-2011-move\/","og_locale":"ko_KR","og_type":"article","og_title":"BTC Whale Transfers $940 Million Out of Coinbase \u2014 3 Batches of \u2018Sleeping Bitcoins\u2019 From 2011 Move - Latest Cryptocurrency & blockchain News","og_description":"On Tuesday, October 18, researchers from the crypto analysis platform Cryptoquant identified an outflow of 48,000 bitcoin coming from the trading platform Coinbase Pro. According to the researcher\u2019s summary of the situation, a large portion of the funds were old coins. Whale Transfers 48,000 Bitcoin Amid Coiled Market While bitcoin (BTC) has been trading under […]","og_url":"http:\/\/live-script.xyz\/btc-whale-transfers-940-million-out-of-coinbase-3-batches-of-sleeping-bitcoins-from-2011-move\/","og_site_name":"Latest Cryptocurrency & blockchain News","article_published_time":"2022-10-19T14:20:53+00:00","twitter_card":"summary_large_image","twitter_misc":{"Est. reading time":"2\ubd84"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Organization","@id":"http:\/\/live-script.xyz\/#organization","name":"Latest Cryptocurrency & blockchain News","url":"http:\/\/live-script.xyz\/","sameAs":[],"logo":{"@type":"ImageObject","inLanguage":"ko-KR","@id":"http:\/\/live-script.xyz\/#\/schema\/logo\/image\/","url":"https:\/\/live-script.xyz\/wp-content\/uploads\/2022\/07\/cropped-cropped-pngwing.com_.png","contentUrl":"https:\/\/live-script.xyz\/wp-content\/uploads\/2022\/07\/cropped-cropped-pngwing.com_.png","width":2000,"height":800,"caption":"Latest Cryptocurrency & blockchain News"},"image":{"@id":"http:\/\/live-script.xyz\/#\/schema\/logo\/image\/"}},{"@type":"WebSite","@id":"http:\/\/live-script.xyz\/#website","url":"http:\/\/live-script.xyz\/","name":"Latest Cryptocurrency & blockchain News","description":"","publisher":{"@id":"http:\/\/live-script.xyz\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"http:\/\/live-script.xyz\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"ko-KR"},{"@type":"WebPage","@id":"http:\/\/live-script.xyz\/btc-whale-transfers-940-million-out-of-coinbase-3-batches-of-sleeping-bitcoins-from-2011-move\/","url":"http:\/\/live-script.xyz\/btc-whale-transfers-940-million-out-of-coinbase-3-batches-of-sleeping-bitcoins-from-2011-move\/","name":"BTC Whale Transfers $940 Million Out of Coinbase \u2014 3 Batches of \u2018Sleeping Bitcoins\u2019 From 2011 Move - Latest Cryptocurrency & blockchain News","isPartOf":{"@id":"http:\/\/live-script.xyz\/#website"},"datePublished":"2022-10-19T14:20:53+00:00","dateModified":"2022-10-19T14:20:53+00:00","breadcrumb":{"@id":"http:\/\/live-script.xyz\/btc-whale-transfers-940-million-out-of-coinbase-3-batches-of-sleeping-bitcoins-from-2011-move\/#breadcrumb"},"inLanguage":"ko-KR","potentialAction":[{"@type":"ReadAction","target":["http:\/\/live-script.xyz\/btc-whale-transfers-940-million-out-of-coinbase-3-batches-of-sleeping-bitcoins-from-2011-move\/"]}]},{"@type":"BreadcrumbList","@id":"http:\/\/live-script.xyz\/btc-whale-transfers-940-million-out-of-coinbase-3-batches-of-sleeping-bitcoins-from-2011-move\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"http:\/\/live-script.xyz\/"},{"@type":"ListItem","position":2,"name":"BTC Whale Transfers $940 Million Out of Coinbase \u2014 3 Batches of \u2018Sleeping Bitcoins\u2019 From 2011 Move"}]},{"@type":"Article","@id":"http:\/\/live-script.xyz\/btc-whale-transfers-940-million-out-of-coinbase-3-batches-of-sleeping-bitcoins-from-2011-move\/#article","isPartOf":{"@id":"http:\/\/live-script.xyz\/btc-whale-transfers-940-million-out-of-coinbase-3-batches-of-sleeping-bitcoins-from-2011-move\/"},"author":{"name":"","@id":""},"headline":"BTC Whale Transfers $940 Million Out of Coinbase \u2014 3 Batches of \u2018Sleeping Bitcoins\u2019 From 2011 Move","datePublished":"2022-10-19T14:20:53+00:00","dateModified":"2022-10-19T14:20:53+00:00","mainEntityOfPage":{"@id":"http:\/\/live-script.xyz\/btc-whale-transfers-940-million-out-of-coinbase-3-batches-of-sleeping-bitcoins-from-2011-move\/"},"wordCount":436,"commentCount":0,"publisher":{"@id":"http:\/\/live-script.xyz\/#organization"},"articleSection":["crypto-news"],"inLanguage":"ko-KR","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["http:\/\/live-script.xyz\/btc-whale-transfers-940-million-out-of-coinbase-3-batches-of-sleeping-bitcoins-from-2011-move\/#respond"]}]}]}},"_links":{"self":[{"href":"https:\/\/live-script.xyz\/wp-json\/wp\/v2\/posts\/297"}],"collection":[{"href":"https:\/\/live-script.xyz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/live-script.xyz\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/live-script.xyz\/wp-json\/wp\/v2\/comments?post=297"}],"version-history":[{"count":0,"href":"https:\/\/live-script.xyz\/wp-json\/wp\/v2\/posts\/297\/revisions"}],"wp:attachment":[{"href":"https:\/\/live-script.xyz\/wp-json\/wp\/v2\/media?parent=297"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/live-script.xyz\/wp-json\/wp\/v2\/categories?post=297"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/live-script.xyz\/wp-json\/wp\/v2\/tags?post=297"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}