Ethereum

2024

Bitcoin

Billion

Coin

<p>A Bitcoin wallet untouched since 2010 just sprang to life. That Satoshi-era wallet moved 2,000 BTC—now worth $180 million—to Coinbase. That comes as nearly $4 billion in Bitcoin and Ethereum options near expiry, raising concerns about market turbulence.</p> 
<p>On November 15, Lookonchain reported the transfer of 2,000 BTC from a dormant wallet. These coins were mined in 2010 when Bitcoin traded at under $0.10. Today, each coin is worth over $90,000, marking a 900,000x return.</p> 
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   <p lang="en" dir="ltr">A miner with 2,000 <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a>($180M) woke up after being dormant for over 14 years and transferred all 2,000 <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a> out today.<br><br>This miner earned 2,000 <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a> through mining in 2010 and has held it ever since!<a href="https://t.co/PBny3oXw2R">https://t.co/PBny3oXw2R</a> <a href="https://t.co/Kddhh3YvMY">pic.twitter.com/Kddhh3YvMY</a></p>— Lookonchain (@lookonchain) <a href="https://twitter.com/lookonchain/status/1857478327424135605?ref_src=twsrc%5Etfw">November 15, 2024</a>
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<p>Movements of dormant wallets from BTC’s early days are rare. When they happen, they draw significant attention. Earlier this year, a wallet from 2009 moved 250 BTC, and in May, another dormant wallet shifted 1,000 BTC after 11 years. Such events often raise questions about selling pressure or hidden motives.</p> 
<h2 class="wp-block-heading has-text-align-left" id="h-4-billion-in-options-expiry-looms-on-bitcoin"><strong>$4 Billion in Options Expiry Looms on Bitcoin</strong></h2> 
<p>Adding to the drama is a record options expiry. On November 17, $3.4 billion in Bitcoin options and $581 million in&nbsp;<a href="https://www.thecoinrepublic.com/2024/11/15/ethereum-eyes-4000-with-bullish-momentum-analysts-predict-15k/">Ethereum (ETH)</a>&nbsp;options are set to expire. These expirations often spark volatility as traders adjust their positions.</p> 
<p>The Bitcoin options market shows a maximum pain price of $79,500. It is the level where most contracts will expire worthless. For Ethereum, the maximum pain price stands at $3,000.</p> 
<p>The put-to-call ratio for Bitcoin is 0.85, signaling bullish sentiment. Ethereum’s ratio is slightly higher at 0.92, reflecting cautious optimism.</p> 
<p>The timing of the wallet movement and the&nbsp;<a href="https://www.thecoinrepublic.com/2024/10/05/options-expiry-fuels-bitcoin-ethereum-price-surge/">options expiry</a>&nbsp;is no coincidence. Large BTC transfers to exchanges often signal upcoming sales. Combined with the options expiry, it could add selling pressure.</p> 
<p>Still, the market remains resilient. When writing, Bitcoin is trading above $91,000, pushing its market cap to $1.82 trillion. Institutional interest is growing, with more investment advisors increasing Bitcoin allocations.</p> 
<h2 class="wp-block-heading" id="h-a-bullish-long-term-outlook"><strong>A Bullish Long-Term Outlook</strong></h2> 
<p>Despite short-term risks, BTC’s long-term story remains compelling. Early holders moving coins remind us how far Bitcoin has come—from its humble 2010 beginnings to its status as a trillion-dollar asset.</p> 
<p>While traders brace for short-term swings, the momentum suggests bigger moves ahead. As institutional adoption rises and Bitcoin ETFs gain traction, the $100,000 milestone looks increasingly achievable.</p> 
<p>The post <a href="https://www.thecoinrepublic.com/2024/11/18/180m-satoshi-era-bitcoin-moved-amid-record-options-expiry-volatility-ahead/">$180M Satoshi-Era Bitcoin Moved Amid Record Options Expiry: Volatility Ahead?</a> appeared first on <a href="https://www.thecoinrepublic.com">The Coin Republic</a>.</p>

$180M Satoshi-Era Bitcoin Moved Amid Record Options Expiry: Volatility Ahead?

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