Bitcoin wallets wake up after 11 years
Recently, some Bitcoin wallets that had been inactive for a long time have suddenly come back to life, indicating a rise in activity within the cryptocurrency community. A wallet from 2012 executed a transaction transferring 100 BTC worth about 3.77 million USD after 11 years of inactivity. This event occurs in the context of many Bitcoin wallets from the same period also showing impressive returns[1][3].
Additionally, another whale wallet from the 'Satoshi' era has also awakened, reactivating over 3.5 million USD in Bitcoin, attracting investor attention due to its connection to Bitcoin's founder, Satoshi Nakamoto[2][4]. These events highlight the current market structure of Bitcoin and the potential impact on prices as large amounts of Bitcoin are brought back into circulation[5]. With Bitcoin's value having increased significantly over the past years, owners of old wallets may be considering cashing out or transferring their assets.