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๐Ÿš€๐Ÿš€ Bitcoin enthusiasts, buckle up! A long-dormant Bitcoin whale has just woken up from a 5.5-year slumber, transferring a whopping 8,000 BTC (valued at $536.5 million) from Coinbase cold storage! ๐Ÿณ๐Ÿ’ฐ This is not a one-off event, folks! We're seeing a trend of long-term dormant Bitcoin wallets springing back to life. This usually happens when investors and old miners decide to sell their assets for profits. ๐Ÿ’ผ๐Ÿ’ธ This particular wallet, which had been inactive for over five years, transferred its massive stash on June 11. The Bitcoin was then moved to a Binance Deposit address, with a transaction fee of just $108. ๐Ÿ”„๐Ÿ’ผ Here's a fun fact: this wallet had been receiving funds in small chunks of 200 BTC between October and December 2018. With Bitcoin now priced at over $67,409, this transfer represents a +1,700% increase in value from the average acquisition price of $3,750 in 2018. Talk about a good investment! ๐Ÿ“ˆ๐Ÿ’ฐ But wait, there's more! This isn't the first time a long-term dormant Bitcoin address has woken up. Back in April, a decade-long dormant Bitcoin whale moved about 246 BTC, selling at over 230,000% return on investment. ๐Ÿš€๐Ÿณ Old miners are also joining the party, with one miner's wallet, dormant for over 14 years, recently moving about 2,000 BTC received as mining rewards in 2010. The value of this stash had surged from a few hundred dollars to $140 million! ๐ŸŽ‰๐Ÿ’ฐ On average, one dormant wallet has been waking up every month. A recent report indicated that about 1.8 million Bitcoin addresses have remained inactive for over a decade. Some may be lost forever due to forgotten passphrases. But who knows, maybe your long-lost Bitcoin wallet could be next! ๐ŸŽ๐Ÿ”‘

๐Ÿš€๐Ÿš€ Bitcoin enthusiasts, buckle up! A long-dormant Bitcoin whale has just woken up from a 5.5-year slumber, transferring a whopping 8,000 BTC (valued at $536.5 million) from Coinbase cold storage! ๐Ÿณ๐Ÿ’ฐ

This is not a one-off event, folks! We're seeing a trend of long-term dormant Bitcoin wallets springing back to life. This usually happens when investors and old miners decide to sell their assets for profits. ๐Ÿ’ผ๐Ÿ’ธ

This particular wallet, which had been inactive for over five years, transferred its massive stash on June 11. The Bitcoin was then moved to a Binance Deposit address, with a transaction fee of just $108. ๐Ÿ”„๐Ÿ’ผ

Here's a fun fact: this wallet had been receiving funds in small chunks of 200 BTC between October and December 2018. With Bitcoin now priced at over $67,409, this transfer represents a +1,700% increase in value from the average acquisition price of $3,750 in 2018. Talk about a good investment! ๐Ÿ“ˆ๐Ÿ’ฐ

But wait, there's more! This isn't the first time a long-term dormant Bitcoin address has woken up. Back in April, a decade-long dormant Bitcoin whale moved about 246 BTC, selling at over 230,000% return on investment. ๐Ÿš€๐Ÿณ

Old miners are also joining the party, with one miner's wallet, dormant for over 14 years, recently moving about 2,000 BTC received as mining rewards in 2010. The value of this stash had surged from a few hundred dollars to $140 million! ๐ŸŽ‰๐Ÿ’ฐ

On average, one dormant wallet has been waking up every month. A recent report indicated that about 1.8 million Bitcoin addresses have remained inactive for over a decade. Some may be lost forever due to forgotten passphrases. But who knows, maybe your long-lost Bitcoin wallet could be next! ๐ŸŽ๐Ÿ”‘

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๐Ÿš€BTC Buzz๐Ÿš€: Bitcoin took a slight dip to $65,000 on June 14, marking a 5% drop from last week. But don't fret, zoom out and you'll see BTC is still consolidating since March! ๐Ÿ“ˆ Analyst James Check notes, "Bitcoin very rarely goes this quiet." The 30-day price range is a mere 8.3% apart. So, what's next? Either BTC becomes a stablecoin or volatility is just around the corner. ๐ŸŽข The Bitcoin sell-side risk ratio is low, hinting most profit and loss have been realized. The market needs a move to spark the next spending spree, says Check. The 'Choppiness Index' suggests the market is ready to trend weekly but needs a monthly rest. ๐Ÿ›Œ Check's prediction: short-term volatility, but not necessarily a long-term trend continuation. The base case for Bitcoin remains 'chop-solidation' - small pumps and dumps shaking out impatient holders. ๐ŸŽ  Analyst 'Rekt Capital' sees the struggle to break out as beneficial for the overall cycle, aligning the price with historical halving cycles for a "normal, usual bull run." ๐Ÿ‚ Bitcoiner Samson Mow predicts a huge candle is coming as "the BTC coil is super compressed now." ๐Ÿ•ฏ๏ธ Market analyst Jacob Canfield sees two scenarios: a sweep low to around $66,000 before a "strong reaction bounce" to $70,000, or a "deep capitulation wick" down to $60,000-$62,000. ๐Ÿ“Š At present, BTC is 10% down from its mid-March high but remains range-bound with a lower boundary just below $60,000. So, is it the calm before the storm or a new stable era for Bitcoin? Stay tuned! ๐Ÿ“ป
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