BCH sees heightened whale activity and rising open interest as traders weigh speculation against weak on-chain usage and recent suspicious transactions.
Perceived odds of a U.S. recession peaked at 66% back in April as Wall Street banks were raising red flags, yet they have since plunged as trade negotiations advanced.
Eight wallets that had been dormant since 2011 each transferred 10,000 BTC to new SegWit addresses on Friday, over 14 years after initially receiving bitcoin in what is now colloquially known as the network’s “Satoshi era.”
All of these moved coins are among the rarest class of BTC: mined or transacted during the “Satoshi era,” a loosely defined period from bitcoin’s launch in 2009 through 2011, when its pseudonymous creator was still active online.