An unidentified individual or entity who received 2,000 Bitcoin in mining rewards in 2010 has consolidated them into a single wallet.
CryptoQuant founder and CEO Ki Young Ju believes that the movement and consolidation of 2,000 Bitcoin (BTC) by an unidentified individual or entity into a single wallet indicates a “sell-side liquidity crisis waking up old Bitcoin.”
Young Ju pointed out that the pattern of the transactions suggests the coins were sold via OTC. A sell-side liquidity crisis refers to a situation with a shortage of available assets in a market, leading to difficulties for sellers in finding buyers or executing trades at desired prices. This can result in increased volatility and price fluctuations.
An unidentified individual or entity who received 2,000 Bitcoin in mining rewards in 2010 consolidated them into a single wallet.
