Bitcoin Wallet Launched After 13 Years Created Waves in the Market
Despite the recent declines in the cryptocurrency market, a transfer from a large Bitcoin wallet that has been dormant for a long time has caused a huge stir in the crypto world.$BTC
According to data from blockchain analysis platform Lookonchain, a wallet that was inactive for 13 years and held 426.3 BTC (about $36.6 million) worth of Bitcoin has become active for the first time since this period. The wallet attracted attention by transferring 42.3 BTC (about $3.67 million). This unexpected transaction has aroused great curiosity among investors and market analysts.
The wallet in question bought 426.3 BTC on July 29, 2011, and at that time, the unit price of Bitcoin was only $13.49. The total value of these Bitcoins, which were $5,753 at the time, is now worth millions of dollars. This historic transaction provides a surprising example of Bitcoin’s value over time, while also showing how investors can make huge profits with their long-term strategies.
Such large Bitcoin movements are often perceived as signals that can trigger volatility in the markets. This transfer, which is made after a long period of inactivity in the wallet, can have significant effects on investor psychology. In particular, long-term investors moving or selling their Bitcoins can change the general mood of the market.
In addition to this big move in Bitcoin, the huge liquidity that Tether has recently provided to exchanges could start a new wave of recovery in the markets. This situation is being watched carefully by investors and it is a matter of curiosity how Bitcoin's price movements will shape in the coming days.
As a result, the transfer made by this wallet, which became active 13 years later, may affect not only the past value increase of Bitcoin, but also the current volatility in the market and possible future price movements.