Satoshi-Era Bitcoin Wallet Resurrected With Millions in BTC and 500,772% Profit

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This whale has experienced a mammoth growth on his initial Bitcoin investment, made when the shadow of the mysterious BTC creator Satoshi Nakamoto still hung over the crypto community.The wallet in question was reactivated after 11.9 years unused, and it contains 31 BTC. This seemingly modest amount of the original cryptocurrency now comprises the equivalent of $1,813,156 in fiat, while back in 2012, it was worth only $362. This constitutes a staggering 500,772% profit increase.

As reported by analytics account @spotonchain, spot Bitcoin ETFs continue to register massive outflows – this has been occurring for the sixth consecutive trading day already. The only Bitcoin ETF that has welcomed a positive net inflow was Bitwise, with a modest $9.5 million in BTC coming into it. As for the rest of the ETF cohort, Fidelity, Grayscale and VanEck faced outflows of $7.6 million, $34.2 million and $4.9 million on Sept. 4.

The rest of the Bitcoin ETFs, including BlackRock’s IBIT, the largest spot BTC fund, have seen zero inflows and outflows. Overall, the ETFs lost $37 million worth of Bitcoin on Wednesday.These ETFs seeing big Bitcoin outflows for a week already have been contributing to the overall bearish impact on the market recently. Besides, yesterday, Bitcoin’s 5.37% price crash was also impacted by the staggering sell-off in the U.S. stock market, with approximately $1 trillion worth of stocks sold.

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