After a long period of inactivity, a Bitcoin wallet that had been inactive since 2018 suddenly transferred 8,000 BTC to Binance, the largest exchange by trading volume.

These coins were purchased during the bear market in December 2018 at a price of approximately $3,800 per Bitcoin. The total purchase price was more than $30.4 million.

Get ready for another price cut!!!

According to a Chainalysis report published in April, there are 1.75 million dormant Bitcoin wallets that have not been used in more than a decade. These wallets hold 1,798,681 BTC, which is approximately $121 billion at current exchange rates. This is equivalent to 8.5% of the total Bitcoin supply.

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