๐ Bitcoin $BTC Whale Alert: A 10-Year Dormancy Ends! ๐
๐ฐ A Bitcoin (BTC) address holding 1,701 BTC, worth $115.41 million, inactive since 2014, made a 50 BTC transaction on April 6.
๐ฐ๏ธ Legacy address, starting with '1,' identifiable as '1CLxmโฆ1oeUZ,' spent 2,570 BTC in 2014.
๐ผ Received 4,272.29 BTC over its history, now valued at nearly $300 million.
๐ข Whale Alert on X (formerly Twitter) noted the activity; data retrieved from mempool.space and TradingView.
๐ ๏ธ Foundry USA added the transaction to block height 837,959, with minimal fees.
๐ Used a UTXO of 245.99 BTC to send 50 BTC to another legacy address '1PRREโฆsGjRo.'
๐ Received 195.98 BTC change in a modern SegWit address 'bc1qgโฆfxrk7,' suggesting a wallet update.
What Does It Mean for Bitcoin Investors?
๐ Investors should monitor this whale to avoid unexpected sell-offs.
๐ณ Cryptocurrency whales can influence prices significantly.
โ It's unclear if this is balance management or profit realization after 10 years.
๐ Dormant whale activity is a valuable market indicator, potentially signaling bearish sentiment. #BTCHalvingApril2024