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Satoshi-Era Bitcoin Whale Story Debunked, Linked to Twenty One Capital
The recent claims about a Satoshi-era Bitcoin whale making a multi-billion-dollar purchase have sparked debate among investors.
- An address dormant since 2011 reportedly accumulated approximately 26,900 BTC, seen by some as a bullish signal.
- Others interpret the timing and context of this transfer as a setup for large-scale distribution rather than accumulation.
Potential Red Flags
- A supposed Satoshi-era wallet reactivated to buy at high market prices contradicts typical behavior of early holders who tend to sell.
- Critics suggest such large movements might indicate preparation for gradual liquidity distribution.
Misunderstanding Clarified
- Closer analysis shows the narrative rests on questionable assumptions.
- The address '3FsDiW' is linked to Twenty One Capital, not an individual whale.
- This firm is a publicly traded entity known to hold over 43,000 BTC, altering the perceived impact of the transaction.
