5000 BTC or 280,814,423 $USD was moved. Last time it’s used 7 years ago!
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5000 BTC or 280,814,423 $USD was moved. Last time it’s used 7 years ago!

5000 BTC or 280,814,423 $USD was moved. Last time it’s used 7 years ago!

5,000 $BTC or 280,814,423 $USD was moved this morning from an inactive address according to Whale Alert. Last time it was used 7 years ago! Let’s see what it means.

1. How much did he or she earn?

In 2014 or 7 years ago bitcoin price was $340–$530 so 5,000 BTC cost about $2.6 million. It raised more than 10000%.

2. Can 5000 BTC move the market?

$280m is a huge amount though 5K BTC is just 0.027% of all 18,650,775 BTC existed. It hardly may move the market.

3. Why could that happen?

There might be several reasons: cashing out, selling to institutions, after 7 years someone could even remember his/her password and transfered the amount to a better BTC wallet, that’s it!

submitted by /u/Guarda-Wallet
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