Early Miners Moved 250 BTC ($15.9 Million), Bitcoin Price Remains Stable

Over the past week, wallets dormant since the Satoshi era moved 250 BTC, equivalent to $15.9 million. Each of these wallets received 50 BTC as a block reward in 2009.

Despite concerns that selling such a volume might impact the market, Bitcoin’s price rose by over 7%, reaching $64,043. Analysts note that the 100-day EMA for early miner sales is at a yearly low, reducing price pressure.

This event demonstrates Bitcoin’s resilience in the face of potential market shocks and indicates the cryptocurrency market’s maturity.