Bitcoin Price Rollercoaster: From $69,000 to $60,0

too crazy! Looking back on the sharp drop in the past few days, the price of Bitcoin briefly exceeded the $69,000 mark, with a market value of up to $1.35 trillion, surpassing Meta Platforms and jumping to the 9th place in the world's mainstream asset market value! Everyone in the currency circle "stand up and pay tribute"!

However, the price of Bitcoin soon fell sharply, once falling below $60,000 during the session, resulting in a liquidation of nearly $1.2 billion across the entire network.

An address dating back more than a decade was discovered to have transferred 1,000 Bitcoins worth approximately $69 million to Coinbase. This address has been active since 2010 and has never been transferred out after several cycles over the past 14 years. Now there is sudden new activity, which has caused a lot of speculation.

Some people speculate that the owner of this address may have lost the mnemonic phrase and key, and others speculate that the address may use leverage to short-sell and profit from selling large amounts of Bitcoin. There is also speculation that this address may belong to the National Security Agency of the United States or be related to Satoshi Nakamoto.

Although these speculations have not been confirmed, the community remains confident in the price of Bitcoin. “In a few years, this may be talked about like a Bitcoin pizza parlor,” one Bitcoin community member said.

In any case, the transaction at this mysterious address allows people to see the power of Bitcoin belief. Only by having a solid belief in Bitcoin can Bitcoin be more widely distributed among the crowd. Let’s salute those who have weathered the storms of FUD and market cycles! If we go through four market cycles, maybe we too can become the Bitcoin OGs of tomorrow!

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