Bitcoin Whales Resurface After a Decade of Inactivity, Raising Concerns Over Market Impacts
- PHPzOriginal
- 2024-07-16 10:25:44771browse
Whale Alert reveals that several Bitcoin addresses, inactive for over ten years, have suddenly become active again in the cryptocurrency market.
Several Bitcoin addresses that have been inactive for over ten years have suddenly become active again, revealing large-scale cryptocurrency movements and sparking discussions on potential market impacts.
These reactivations, detected by Whale Alert, involve significant sums. One particular address, 16vRqA, contains 43 BTC, currently valued at over 2.6 million. The last activity on this address was recorded on May 2, 2012, when 43 BTC was received. Now, after nearly a decade, this address became active again, transferring the full amount to an unknown address.
Another two addresses, 1DUJuH and 1G6ZK6, each holding 500 BTC, were also reactivated. While the 500 BTC from 1DUJuH was moved to several new addresses, the funds from 1G6ZK6 remain untouched.
These two addresses were last active on March 26, 2012, when they each received 500 BTC. At the time of last activity, both transactions were valued at 10,000. Now, the total combined value of these two addresses stands at around 130 million.
The reactivation of these addresses, especially those containing large sums acquired at a much lower price, has raised concerns over potential market impacts. These addresses became active within a day of each other, despite being dormant for ten years.
Moreover, an address that had been inactive for 5.5 years moved 8,000 BTC to Binance, which was valued at about 500 million at the time of transfer. In another major transaction, a wallet that had been inactive for nearly 12 years transferred 500 BTC to several new addresses, with the entire holding valued at just under a million.
However, the cryptocurrency market remains volatile as strategic movements of old Bitcoins continue to influence trading dynamics. The activities of these long-dormant addresses could potentially indicate larger trends or strategic plays by major holders within the market.
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