Dormant Bitcoin Wallet Moves $2.5 Million After 11 Years
29.07.2024 18:30 1 min. read Alexander Stefanov
A long-inactive Bitcoin wallet recently made headlines by moving 37 BTC, valued at over $2.5 million, after being dormant for 11 years.
This event is part of a trend where old, large Bitcoin holdings are becoming active again, likely due to rising prices and positive market conditions.
The wallet, which originally acquired its Bitcoin in October 2012, left a minimal balance after the recent transfer. This type of movement often occurs when market prices are high, allowing traders to capitalize on increased asset values.
The transfer has sparked discussions online, with some praising the long-term profit, while others believe the holder should wait for potential future gains.
Movements by large holders, or “whales,” can significantly impact market sentiment. Large-scale asset transfers can lead to sell-offs that dampen market confidence, while moving assets off exchanges can indicate a trend towards holding, potentially boosting prices.
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