Says blockchain tracker Whale Alert,

“A dormant address containing 100 BTC ($6,017,301) has just been activated after 12.7 years (worth $605 in 2012)!”

On Wednesday, an even larger ancient Bitcoin address woke up and relocated a Bitcoin trove at a profit of more than 5,972,915%.

Says blockchain tracker Whale Alert,

“A dormant address containing 121 BTC ($7,525,999) has just been activated after 13.7 years (worth $126 in 2011)!”

Earlier this month, a third long-term deep-pocketed Bitcoin holder was spotted waking up by Whale Alert.

“A dormant address containing 100 BTC ($6,113,890) has just been activated after 10.8 years (worth $83,492 in 2014)!”

Despite the on-chain data, Ki Young Ju, the head of blockchain analytics platform CryptoQuant, recently said that the Spent Output Age Bands (SOAB) metric indicates long-term holders of Bitcoin are largely not moving their coins.

The SOAB bundles spent coins into categories depending on their age and presents them in colored bands as a proportion of total coins moved.

Said Ju,

“Ancient Bitcoin whales are still sleeping. Moving Bitcoins dormant for seven-plus years has historically triggered market volatility, depending on source and destination. (Mt. Gox excluded in this chart). If you were an ancient whale, what would you do now?”

$BTC is trading for $62,723 at time of writing, up more than 4% in the last 24 hours

source: dailyhodl