Just yesterday, a transfer of 80,000 Bitcoin, valued at over $8 billion, took place from wallets dormant for 14 years. This movement has drawn attention due to its size and the long inactivity of the funds. The transfer creates curiosity about its purpose and the identity of the mover, with potential ties to Bitcoin Cash.
The volume of this transfer makes it one of the largest recorded Bitcoin movements. The wallets, untouched since around 2011, moved 10,000 Bitcoin at first, which was then followed by other transactions. This has led to discussions about its background, the cost at the time of purchase, and what the movement might mean for the market today.
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The Bitcoin Transfer: Background and Speculation
Fourteen years ago, Bitcoin’s price was nothing compared to now. Acquired in 2011, the 80,000 BTC was costed approximately $7,800, and this low entry point shows that the owner of the wallets is a holder, not someone that trades Bitcoin actively. Hence comes the question: why move the Bitcoins now?
BILLIONAIRE BITCOIN WHALE WALLETS ARE WAKING UP
So far, 7 addresses have now moved a total of $7.6 Billion in BTC since last night.
The addresses below have all been holding since April-May 2011, over 14 years. pic.twitter.com/AMbc3sUMAM
— Arkham (@arkham) July 4, 2025
The transfer involved 80,000 Bitcoin moved from eight wallets, each containing 10,000 BTC, to new addresses. This structured shift from diamond holder accounts raised questions about whether it was a planned consolidation or preparation for a larger transaction, given its significant volume.
Online discussions highlighted the absence of a test transaction before moving the first batch of 10,000 BTC out. Some suggested the first 10,000 BTC could have been a test, though no prior small transfer occurred. This has sparked debate about the mover’s strategy—confidence or a “blockchain-sized gamble” on execution.
Roger Ver, an early Bitcoin adopter or “Bitcoin Jesus,” is a speculated figure behind the transfer. Known for promoting Bitcoin Cash and facing legal issues like tax evasion charges, his profile fits the narrative. His citizenship renunciation and pardon plea to President Trump fuel the theory, though no hard evidence confirms his involvement.
(source)
Whether it’s Ver’s or not, Bitcoin is still with its positive momentum. The scale of the transfer, possibly tied to Bitcoin Cash, suggests confidence in crypto’s future win for Bitcoin.
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Key Takeaways
- 80K Bitcoin transfer, Why now?
- Hyper’s focus on Bitcoin scalability is what the market needs.
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