Overview

• On July 4, Arkham Intelligence data show eight consecutive transfers of 10,000 BTC each, totaling 80,000 coins.
• Analysis of coinbase transaction origins confirms the funds were newly mined in 2011, marking the largest one-day relocation of 10-year-old bitcoin, according to CryptoQuant.
• All transfers went to private wallets with no further on-chain activity, offering no definitive signs of profit-realization plans.
• Blockchain trackers and Coinbase’s Conor Grogan speculate the coins belong to an “OG miner,” though the holder’s identity remains unverified.
• Investors are monitoring the market closely, as historic whale movements often spur expectations of imminent selling and price volatility.