11 Mar 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!