Minearbejdere ser ud til at sælge tiår gammel Bitcoin til en værdi af $69 millioner – ukædet

A large amount of Bitcoin mined in 2010 was sent to Coinbase after the leading digital asset hit a new all-time high, suggesting that some of the earliest Bitcoin miners are cashing out their old block rewards.

Bitcoin’s trip to a new all-time high ahead of $69,000 was short-lived, and its price has since seen an 8.5% decline to around $63,100. At least some of the negative price action likely has something to do with a large chunk of decade-old bitcoin that was sold on Tuesday.

On-chain data fra kryptokvant shows that 1,000 bitcoin, worth around $69 million, was sent to Coinbase by an address that has been around since 2010, right before bitcoin reached its new record. When a large amount of coins are sent to a crypto exchange, it is typically an indication that the sender intends to sell them and take profits.

NYT: Det ser ud til, at en stor mængde af #Bitcoin  udvundet i 2010 blev dumpet efter ATH, hvilket delvist bidrager til dagens priskorrektion 👀 pic.twitter.com/QeJ2s6kJLb

— Jason A. Williams (@GoingParabolic) Marts 5, 2024

CryptoQuant attributes this activity to miners, implying that those that mined some of the first bitcoins in existence could finally be cashing out the block rewards they earned 10 years ago.

Analytikere mener også, at der ikke er nok likviditet i markedet til at absorbere disse store salgsordrer, især i lyset af antallet af shortsellere, der venter på at komme ind på disse niveauer.

"I betragtning af, at børsordrebogen viser 5-10 bitcoins likviditet for hver $100 prisændring, er det højst sandsynligt, at et frasalg af 1,000 bitcoins vil udløse et betydeligt prisfald," siger CryptoQuant-analytiker. sagde til CoinDesk i et interview. 

Salget udløste storstilede likvidationer for dem i gearede lange positioner, med mere end 1 milliard dollars i likvidationer registreret på Binance alene, ifølge to QCP Asia.

“Despite the leverage washout, term futures are surprisingly still trading at a good premium to spot, making the cash and carry trade much more attractive,” noted QCP analysts. 

I mellemtiden oplever spot bitcoin-børshandlede fonde (ETF'er) betydelig handelsaktivitet, hvor de ti fonde registrerer en kumulativ 10 milliarder dollars i volumen på tirsdag.

MILEPÆL: De ti Bitcoin ETF'er havde $10 mia i volumen i dag, og smadrede forrige rekord, der blev sat sidste onsdag. Volatilitet og volumen går hånd i hånd med ETF'er, så det er ikke helt overrasket. Når det er sagt, er dette banannumre for ETf'er under 2 mdr. gamle. $IBIT, $FBTC, $BITB, $ARKB alle med rekorddage. pic.twitter.com/rIdbhoYifV

- Eric Balchunas (@EricBalchunas) Marts 5, 2024

Bloomberg ETF-analytiker Eric Balchunas bemærkede, at ProShares Short Bitcoin Strategy ETF, hvis indehavere satsede på en faldende bitcoin-pris, så mest volumen på dagen.