According to Lookonchain’s post, a miner wallet that had been sleeping for about 14 years woke up and transferred Bitcoin to Coinbase.
Accordingly, the wallet owner miner transferred 50 BTC worth $ 3.6 million to Coinbase.
“A miner’s wallet woke up after being dormant for nearly 14 years and deposited 50 BTC ($3.67 million) to Coinbase.
The miner earned 50 BTC from mining on April 25, 2010 and has held it to this day.”
After this transfer, the Bitcoin price fell below $ 72,000.
A miner wallet woke up after being dormant for nearly 14 years and deposited 50 $BTC($3.67M) to #Coinbase.
The miner earned 50 $BTC from mining on April 25, 2010, and has been holding it to this day.https://t.co/6kwWwrXLiK pic.twitter.com/KsEuWJfuiZ
— Lookonchain (@lookonchain) March 14, 2024
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Source: https://en.bitcoinsistemi.com/a-miner-awoke-from-a-14-year-sleep-and-transferred-bitcoin-to-coinbase-btc-price-dropped/