The long-quiet Bitcoin Whale reappears, the market is nervously following

Recently, there has been a notable trend in the cryptocurrency market. A Bitcoin address that had been inactive for 14 years suddenly became active, attracting widespread attention in the market. The address holds 80,009 Bitcoins, which, based on the current market price, is worth as much as $8.69 billion, undoubtedly a substantial fortune.

According to on-chain data, this batch of Bitcoin is stored in 8 different wallet addresses. Two of the addresses received 20,000 Bitcoins on April 2, 2011, when the price of Bitcoin was only around $0.78. The other 6 addresses received 60,009 Bitcoins on May 4, 2011, when the price of Bitcoin was $3.37.

Currently, these Bitcoins have been transferred to 8 new addresses, each holding approximately 10,000 Bitcoins. It is worth noting that these funds have not yet been transferred to any exchange, but have already attracted significant market attention.

The number of this batch of Bitcoin is quite considerable, amounting to approximately 13.4% of the total holdings of a well-known tech company and 6.35% of the known Satoshi Nakamoto address holdings. Considering its extremely low cost price (between $0.78 and $3.37), this batch of Bitcoin has already achieved an astonishing return of over 100,000 times.

The market is particularly focused on the future direction of this batch of Bitcoins, mainly because its scale is large enough to have a significant impact on the market. In contrast, the recent buying volume from institutional investors and the daily trading volume on exchanges are far less than the scale of this batch of Bitcoins. Once these Bitcoins begin to be sold off in large quantities, it could have a huge impact on the market.

There are many speculations in the market regarding the identity of this Bitcoin Whale. Some analysts believe that this could be an early Bitcoin miner. According to an executive from a certain trading platform, this whale appears to be a single miner from 2011, who once owned a wallet address containing 200,000 Bitcoins.

There are also speculations that this could be a legendary figure in the coin circle from the Chinese community, or an early evangelist of Bitcoin. However, these are just speculations and have not been confirmed.

Regardless of the identity of this Whale, his next move will affect the market nerves. This batch of Bitcoin that has been dormant for many years is like a "black swan" bomb that could explode at any moment, potentially putting pressure on the current bull market. In the face of such enormous paper profits, even the most steadfast Bitcoin believers may face a test of faith versus reality.