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Breaking News: Bitcoin, Ethereum, And XRP In Freefall: What’s Driving The Current Crypto Slump?
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Breaking News: Bitcoin, Ethereum, And XRP In Freefall: What’s Driving The Current Crypto Slump?

Bitcoin From 2009 Awakens—Is The $30-M Move A Warning Sign?

Christian Encila
Christian Encila
1 month ago
3 mins read
Bitcoin

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Five long-dormant Bitcoin wallets sprang back to life on July 31, moving a total of 250 BTC—nearly $30 million at today’s rates. That’s money mined on April 26, 2010, during Bitcoin’s earliest tests. Traders saw the shift and paused, wondering if a massive sell-off was coming after more than 15 years of silence.

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Early Coins Stir

According to on-chain observers, these coins came from wallets active before the famous “Patoshi pattern” ended. That pattern, often linked to Bitcoin’s creator, slowed down around May 2010. Moving coins from that era can send a jolt through the market, even when the total is small.

Around 250 BTC made a splash in today’s headlines. Yet Bitcoin’s circulating supply tops 19 million coins. So far, none of the funds have shown up on public exchanges. That means any real impact on prices may be low—unless the coins suddenly head for the exit in bulk.

5 miner wallets woke up after being dormant for over 15 years and transferred 250 $BTC($29.6M) out an hour ago.

These miner wallets earned 50 $BTC each from mining on Apr 26, 2010.

Wallets:
1NuqAKeX6JzW372QfEe7eFkewFx21fnqd3
12EWRT19v2eAvWjGDWjodCe7NP1CzmFphT… pic.twitter.com/vGttaE6MxY

— Lookonchain (@lookonchain) July 31, 2025

Traders and analysts have begun tracking the addresses that received the BTC. If those wallets start funneling coins into exchanges or over-the-counter desks, panic could spread.

But wallet shuffles without selling are common among early miners who just want to consolidate or upgrade their security.

Clues Point Away From Satoshi

Based on reports from Whale Alert, these movements don’t match the nonce patterns tied to the roughly 1.12 million BTC once mined by “Satoshi Nakamoto” across blocks up to number 54,316.

Experts note the mining speed and nonce range differ from what’s been linked to Bitcoin’s creator. That makes it far more likely these funds belong to other early adopters.

BTCUSD now trading at $113,067. Chart: TradingView

Tightening Crypto Rules

Meanwhile, reports have disclosed that Japan’s Financial Services Agency (FSA) has moved oversight of crypto-asset exchanges into a more powerful unit.

The aim is to tighten rules, improve capital checks, and guard against money-laundering. This change brings crypto platforms under the same kind of scrutiny as banks and brokerages.

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Moving coins from 2010 always raises eyebrows. Yet 250 BTC is a drop in Bitcoin’s ocean. And with clues pointing away from Satoshi, the market may shrug this off unless the funds hit exchanges fast.

Japan’s new rules show that regulators aren’t standing still—they’re making sure crypto firms meet tougher standards going forward.

Featured image from Meta, chart from TradingView

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Christian Encila
Christian Encila

Christian Encila

They say journalists never truly clock out. But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn.

Read more

Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats – a testament to his dedication to his furry companions (more on that later).

Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley!

So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill).

Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair.

Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin’ helps him analyze and write meticulously formatted articles even better.

Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies.

Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects.

So, the next time you tread into the world of cryptocurrency, remember the man behind the words – the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.

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Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

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Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

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Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

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