Old BTC Wallets Awake! 🍕

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Ah, comrades! Fifteen years have passed since Laszlo, bless his simple soul, traded 10,000 precious Bitcoins (a king’s ransom now, worth $1.1 billion!) for two measly pizzas 🍕. A transaction that will forever be etched in the annals of crypto-history. But listen closely, for the digital winds whisper tales of those bygone days.

Glassnode, those diligent chroniclers of the blockchain, report that coins from the very epoch of Satoshi himself – a phantom, some say, a legend – are stirring in their digital graves. These slumbering giants, wallets untouched for ages, now twitch with newfound activity. What dark secrets do they hold? What forgotten dreams do they chase? 🤔

It seems the share of these ancient holdings in Bitcoin’s Realized Cap has shrunk, from a princely 0.045% to a pauper’s 0.033%. A steep decline, mind you, especially sharp between December and February, and again since April 20. Are they selling? Are they HODLing? Or are they simply enjoying the view from their lofty digital perch? 🧐

15 years after Laszlo bought pizza for 10,000 $BTC – now worth over $1.1B – some of that era’s coins are still moving.

The >10y cohort’s share of #BTC’s Realized Cap fell from peak 0.045% to 0.033%, with steep declines from Dec–Feb and again since Apr 20.#Bitcoin #PizzaDay

— glassnode (@glassnode) May 22, 2025

The awakening of these old relics, this digital necromancy, seems strangely tied to the soaring price of Bitcoin. It reached six figures, a number once deemed impossible, peaking at $109,114 in January, before a brief, agonizing fall. Coincidence? I think not! The market dances to a tune only the old gods understand. 😈

And now, Bitcoin rises again, shaking off the dust of April lows at $74,553. This resurgence shines a light on the early adopters, the visionaries, and of course, the enigmatic Satoshi Nakamoto himself. His net worth, they say, climbs ever higher in the global ranks. A ghost amassing a fortune. How wonderfully absurd! 😂

Bitcoin reaches all all-time high on Pizza Day

On this hallowed day of greasy pizza and digital gold, Bitcoin has reached a new pinnacle: $111,903! A testament to the enduring power of faith, folly, and perhaps, a little bit of luck.

Let us not forget Laszlo Hanyecz, the patron saint of Bitcoin Pizza Day. His transaction, a mere two pizzas for 10,000 BTC, now worth more than some small nations, stands as a monument to the cryptocurrency’s meteoric rise. A cautionary tale, perhaps? Or a symbol of hope for the digital proletariat? 🤔

And as Bitcoin scales these dizzying heights, the Deribit options market explodes with activity. A staggering $42.5 billion in open contracts, a record! The market is a fever dream, a swirling vortex of hopes and fears. But remember, comrades, fortune favors the bold… and the slightly insane. 🤪

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2025-05-22 19:10