Hack, Government Deal, or Upgrade? $8.6 Billion Bitcoin Transfer Sparks Theories

A massive Bitcoin transfer involving $8.6 billion worth of BTC, spread across eight wallets untouched for over 14 years, has ignited a wave of speculation within the crypto community. The transfer, which occurred on July 4, involved the movement of 80,009 BTC. This raised concerns about potential market impact, and possibilities of a government settlement deal, or even a hack. Arkham Suggests $8.6 Billion Bitcoin Move Was a Wallet Upgrade Arkham Intelligence, an on-chain analytics firm, believes the transfer was likely triggered by a wallet upgrade, not a liquidation. In a July 5 statement , Arkham dismissed speculation of a...