A notorious Bitcoin mining entity from 2010 has resurfaced after a 14-month dormancy, transferring 2,000 BTC ($181 million) to Coinbase Prime liquidity pools early Saturday. The movement, executed at block height 931,668, marks the third major liquidation by this specific "mega whale" since 2024, signaling renewed sell pressure at the $90,500 price level.
The On-Chain Receipt
Data tracked by btcparser.com confirms the entity consolidated funds from 40 separate wallets, each holding 50 BTC generated from mining rewards in 2010. These "Satoshi-era" coins were moved from legacy Pay-to-Public-Key (P2PK) addresses into a single Pay-to-Script-Hash (P2SH) wallet before being routed to a known Coinbase deposit address.
"A miner just sold 2,000 BTC from block rewards dormant since 2010… transferring the funds to Coinbase Exchange.", Sani, Founder of TimechainIndex
The transaction structure mirrors the entity's previous activity on November 14, 2024 (Block 870,329), where another 2,000 BTC tranche was liquidated. The rigorous consistency, always 40 wallets, always 50 BTC block rewards, always to Coinbase, rules out wallet rotation or security upgrades. This is a cash-out.
Market Impact & Liquidity
Bitcoin (BTC) price action showed immediate sensitivity, wicking down to $90,370 (-1.2%) as the order book absorbed the supply. While $181 million represents a fraction of daily volume, the psychological weight of "vintage" coins hitting the market often triggers algorithmic front-running.
Institutional desks monitoring these specific wallets likely anticipated the sell-side pressure. The whale’s refusal to sell during the six-figure peaks of late 2025 suggests a structured liquidation strategy rather than price-sensitive trading.
