Is the so-called Satoshi Nakamoto Bitcoin wallet behind the sale?
On Wednesday, it was rumored that Satoshi-Nakamoto, the inventor of Bitcoin, was in a bearish mood when the coins were first moved by a 2009 wallet.
Mysterious wallet causes trouble
After failing to reach $ 10,000 after another test, Bitcoin fell $ 200, where it hovered around $ 9,800 for a while. There was another crash yesterday, and the price dropped $ 500 in minutes. However, this sale does not seem to have taken place without reason. Earlier, the whale alert bot Twitter reported that Bitcoin was being moved by a very old Bitcoin wallet.
coins The coins for this transaction were mined during the first month of Bitcoin’s existence.
– Whale alert (@whale_alert) May 20, 2020
The bot reported that a stranger had moved around 50 BTC from an address in 2009. As noted in the message, it is believed that this address belongs to Satoshi Nakamoto, who is considered to be the largest Bitcoin whale himself. It was the first to extract around 1.1 million Bitcoins, which is currently the equivalent of $ 10 billion. His portfolio is under constant observation that his movements cause unrest on the market is therefore not so unreasonable.
The situation eased somewhat when it appeared that the block’s nonce model associated with the 50 BTC was not identical to the blocks extracted by Nakamoto.
The Messari data aggregation portal has also addressed all merchants and customers to the Bitcoin movement.
“Satoshi has estimated more than 1.1 million coins, and there is a fear (although exaggerated) that these coins could be made public in exchange, which would lower the price of Bitcoin.”
If you look at it from a technical point of view and omit the FUD Nakamoto, the sale could have happened simply because the huge resistance to $ 10,000 couldn’t be broken, which is why the bulls gave up and the bears have taken over the market. The price is currently on a good support, if this fall, it could be between $ 8,500 and $ 8,000. If the price goes back above $ 9,500, another test of $ 10,000 could be in the room.