2009 Satoshi-Era Whale Initiates $70 Million Bitcoin Sell-Off

An anonymous Bitcoin whale, active since 2009, has begun to make significant movements that could influence the cryptocurrency market. According to Arkham Intelligence, this early Bitcoin miner, who started mining just five days after the first block was created in 2009, has already sold $4.8 million worth of BTC and continues to sell more.

In a recent transaction, the whale transferred $624,000 worth of Bitcoin to Kraken, a prominent U.S.-based exchange. Currently, the whale holds 1,149 BTC, valued at approximately $69.94 million, and is reportedly selling 10 BTC twice a week. If this pattern persists, the unidentified entity could finish selling all its Bitcoin by mid-November 2025.

The motivations behind this activity and the timing of the sales remain a mystery. Additionally, the fact that this whale started mining Bitcoin shortly after its launch raises questions about potential connections to the individuals who initiated the first major blockchain and cryptocurrency.

Could this be Satoshi Nakamoto? While this theory is unlikely due to privacy concerns—since the funds are being sold through an exchange rather than over-the-counter—it is perceived as a bearish indicator. Many in the crypto community interpret these actions as large holders looking to cash out, moving their cryptocurrency from self-custody to more liquid platforms with lower fees.

Furthermore, the market sentiment appears shaky, with Bitcoin losing 2.45% in the last 24 hours and reaching a crucial support level around $60,000. The goal of surpassing $66,000 per BTC and achieving a new all-time high in October now seems more difficult than it did just ten days ago.