July 6, 2025
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$ 8B BTC MOVEments May Have Been Preceded by Covert Bitcoin Cash Test

Eight Wallets That Had Been Dormant Since 2011 Each Transferred 10,000 BTC to New Segwit Addresses On Friday, Over 14 Years After Initial Receive Bitcoin “Satoshi Era.””, – WRITE: www.coindesk.com

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$ 8B BTC MOVEments May Have Been Preceded by Covert Bitcoin Cash TestEight Wallets That Had Been Dormant Since 2011 Each Transferred 10,000 BTC to New Segwit Addresses On Friday, Over 14 Years After Initial Receive Bitcoin “Satoshi Era.”Updated Jul 5, 2025, 1:43 pm Publissed Jul 5, 2025, 1:43 pm

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What to Know:

  • Over $ 8.5 Billion Worth of ‘Satoshi-Aea’ Bitcoin Was Moved from Dormontmant Wallets, Sparking Speculation About Private Key Access.
  • A Suspicious Transaction Involving Over 10,000 Bitcoin Cash Tokens Was Flagged Began Flanged Began.
  • The Timing and Nature of the Tese Transactions Suggest A Possible Test of Private Keys or Avoid Effort to Avoid Market Disruption.
Movements of Bitcoin Cash

Took Place Amid The Mysterious Transfers of $ 8.5 Billion Worm of ‘Satoshi-Ae’ Bitcoin Late Friday.

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Conor Grogan, A Director at Coinbase, Flagged a Suspicious bch Transaction of Over 10,000 Tokens (Worth Nearly $ 5 Million at Current Prices) Tied to the Berets HALERS HALERS WALLER.

The Move Ried the Possibility that Someone May have Gained Access to Legacy Private Keys and Quietly Tested Them Before Initiating the Massice BTC Movements.

“There is a possibility that the own was testing theater key in a Way that wooldn’T getn’T noticed,” Grogan Posted On X.

A Single Entity Moved $ 8.6 Billion of BTC from 8 Addresses in the Past Day.

All of the Bitcoin Was Moved Into the Original Wallets on EITHER 2nd April or 4th May 2011 and has been Held for Over 14 Years.

Currently, The Bitcoin Is Sitting in 8 New Addresses and Has Not Been… Pic.twitter.com/nm53tvrzlj

– Arkham (@arkham) July 4, 2025

Eight Wallets That Had Been Dormant Since 2011 Each Transferred 10,000 BTC to New Segwit Addresses On Friday, Over 14 Years After Initial Receive Bitcoin “Satoshi Era.”

None of the Wallets have, so far, been linked to any KNOWN Entity or Company, But The Timing, Scale, and Manual Nature of the Transfers Have Set Off Alarm Bells.

Grogan Pointed Out That Only One Bch Address Associated with The BTC Cluster Was Touched. “WHY NOT SWEEP The OHERS?” he asked. “IT IMPLIES The Actor May Not Have Full Access.”

But The Timing Is Uncanny: Just One Hour After The Bch Test Transfer, The First Of The 80,000 BTC Started to Move-Triggering the Largest Satoshi-Aera Bitcoin Movements.

SO FAR, The New Bitcoin Addresses Haven’t forward Funds Further or Deposited Them on Exchanges. But The Bch Test Cold Indicate Someone Was Probing Before Executing A Coordinated Transfer, Possibly to Avoid Triggering Whale Alerts OR SPOOPING The Market.

Other Theories Extend from A Private Key Leak to Even A quantum computing attac.

Bitcoin’s Early Addresses, Especialy Pay -To -Pay -Powlic -Key (P2PK) Formats, Expose Public Keys After Their First Transaction Large-Scale Quantum Hardware Materializes.

(DORMANT WALLETS THAT HAVE NERE REVEALED THEIR PUBLIC KeY Are SAFE EVEN IN A QUANTUM FUTURE AS NO PUBLIC KeY Exists to Reverse-Engineer.)

As Such, The fact that Only One Associated Bch Wallet Moved Dringing Testing While The Other Remened Untucked Suggests Limited Access.

Shaurya Malwa

Shaurya is the co-leader of the coindesk tokens and data team in asia with a focus on crypto derivatives, Defi, Market Microstructure, and Protocol Analysis.

Shaurya Holds Over $ 1,000 in Btc, Eth, Sol, Avax, Sushi, Crv, Near, YFI, YFI, SHIB, DOGE, USDT, USDC, BNB, MANA, MLN, LINK, XMR, ALGO, CAKE, Vet, Vet, Vet RUNE, FTM, ZIL, KSM, ENJ, CKB, JOE, GHST, PERP, BTRFLY, OHM, Banana, Rome, Burger, Spirit, and ORCA.

He Provides Over $ 1,000 to Liquidity Pools on Compound, Curve, Sushiswap, Pancakeswap, Burgerswap, Orca, AnaSwap, Spiritswap, Roki Protocol, Yearn Finance Olympusdao, Rome, Trader Joe, and Sun.

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Shaurya Malwa

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