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When Bitcoin was launched on January 3, 2009, perhaps only a few people thought it could reach this point. Bitcoin, a gift to the world from Satoshi Nakamoto, gradually increased in popularity and reached a market volume of trillions of dollars over the years. As a reflection of the traceability of cryptocurrencies on the network, the existence of many early investors is known by the dates they created their wallets. A Bitcoin whale was seen moving BTCs that were purchased years ago.
Bitcoin Search Volume
Recent volatile price movements in Bitcoin continue to worry investors. Google searches, which peaked when BTC reached its ATH, gradually declined afterward. Ali Martinez highlighted the issue, explaining with a graph that BTC search volume has dropped to its lowest level since 2023.
Martinez’s statement on X regarding the issue was as follows:
“Google searches for the term #Bitcoin have reached their lowest level since August 2023!”
Given that the prolonged market downturn has caused significant concerns about the future of Bitcoin and other cryptocurrencies like Ethereum, it would not be wrong to say this is one of the expected outcomes.
Bitcoin, Ripple, and crypto investors may have turned to other investment areas depending on market conditions, which could also cause changes in search habits.
Amidst this low-interest environment, another significant development occurred, drawing attention to a whale’s move.
Old Wallet Move in Bitcoin
A Bitcoin investor who bought BTC for a very small payment 11.9 years ago, during Bitcoin’s early stages, was seen moving their wallet for the first time after all this time.
The move by the wallet owner was caught by Whale Alert, which reported that 31 BTC (approximately $1.8 million at current value) were moved. The low interest was also reflected in the gas fee paid, with the transaction costing only $11.28.
Meanwhile, attention was on Bitcoin’s price. After the JOLTS data yesterday, BTC rose to $58,500 but fell back to $56,700 today, representing a 0.15% increase in the last 24 hours. Despite the price increase, Coinmarketcap reflected a 8.80% drop in trading volume, bringing it to $30.4 billion.
