On November 1, at block height 707,639, a blockchain parser caught two bitcoin whale transfers that moved approximately 19,876 bitcoin worth $1.2 billion in the mix of 2,819 transactions.
Every single time the whale spent the decade-old bitcoin that sat idle the whole time, the entity spent exactly 20 block rewards or 1,000 BTC.
The two transactions stemming from 15kEr and 1PfaY, represented more than 25% of the BTC processed in block 707,639.
Alongside the close to 20K BTC transfer in two separate transactions, 59 blocks later 50 sleeping bitcoins that had sat idle since April 28, 2011, were transferred at block height 707,698.
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The price of bitcoin in October has shown signs of a double-bubble similar to the bull run in 2013, and speculators have been trying to guess the leading crypto asset’s top.