The sleeping bitcoin wallet moved $383 million in eight years. Dollar

An eight-year-old bitcoin wallet recently transferred nearly $383 million bitcoin, which is of great interest to the market. Lokonchain, a block chain intelligence company, marked the transaction on Thursday, showing that all the 5908 bitcoin held in the wallet had been transferred to a new address. The bitcoin was initially received at a bitcoin transaction price of $16,865, and at current prices of close to $64,700, the value of the wallet added approximately $283 million, an increase of 284 per cent. In chain analysis, the sudden transfer of sleeping wallets after years of inactivity was considered an important signal, although the transfer of new wallets did not necessarily mean that they were about to be sold. Wallet consolidation, security upgrades and inheritance-related transfers all produce the same chain footprint without the intention of selling it. The market is more concerned about whether these transfers of bitcoins eventually reach the exchange. If these bitcoins were to be transferred to known exchange deposit addresses, this would indicate that the real intent of the sale could have minimal market impact if it were to remain in the cold wallet or to be transferred to the custodian service provider。