The whale suddenly woke up in 2009! Satoshi Nakamoto's early miners "dumped" a large number of bitcoins and transferred $5.47 million worth of bitcoins

FX168 Financial News Agency (Asia Pacific) According to data from chain tracking agency Arkham Intelligence on Tuesday (October 15), the ancient whale wallet that began mining Bitcoin five days after its birth on January 13, 2009, has recently seen a large number of dumps, with a total of $5.47 million transferred to the Kraken cryptocurrency exchange in the past two months.

Arkham said that although the early 2009 whale has transferred a large amount of Bitcoin, the address still holds Bitcoin worth $75.23 million.

The whale's last transfer took place on October 7.

The early whale movements in Bitcoin came amid intense speculation about the true identity of Satoshi Nakamoto, the "father of Bitcoin."

An HBO documentary recently identified Peter Todd, a well-known Bitcoin developer, as Satoshi Nakamoto, however, the documentary caused a strong reaction in the Bitcoin community, and Todd firmly denied that he was Satoshi Nakamoto.

Considering that few people knew about Bitcoin in its first month, the crypto community began to speculate that the transfer of the whale's awakening and dumping in 2009 was likely related to Satoshi Nakamoto.

However, U.Today reported that this is unlikely to be the case.

For example, as early as May 2020, many people believed that Satoshi Nakamoto transferred Bitcoin from his long-idle wallet. The transaction even caused a short-term drop in Bitcoin prices. However, after a more detailed analysis, it was later found that the transaction had nothing to do with Satoshi Nakamoto.

Although the whales awoke and dumped their holdings in 2009, Crypto Briefing reported on Tuesday that in the past 24 hours, whales transferred a large amount of USDT stablecoins to Binance, indicating that their interest in Bitcoin has been rekindled and may push up the price of Bitcoin.

As Bitcoin rallied above $66,000 earlier this week, the S&P 500 also hit a new all-time high, with stocks such as Nvidia performing strongly and only 3% below its all-time high.

The sharp rise in Bitcoin prices also triggered massive liquidations across the cryptocurrency market, with more than $195 million in short positions liquidated as traders who shorted Bitcoin were caught off guard by the sudden price surge, according to CoinGlass data.

In total, more than 61,000 traders were liquidated, with losses across the market exceeding $235 million. Bitcoin shorts accounted for $88 million of these liquidations as the token's market dominance rose to over 58%.

Analysts see the $66,000 to $68,000 range as the next major resistance zone, which Bitcoin must break through to sustain its current rally.

The next few weeks will be crucial for Bitcoin's movement, with the U.S. election scheduled for November 5, followed by the much-anticipated Federal Reserve meeting on November 7. These events could affect market sentiment and could lead to increased volatility in both traditional and cryptocurrency markets.