A long-inactive Bitcoin whale wallet has recently become active after more than five and a half years, moving over 8,000 BTC, worth $536.5 million, from Coinbase's cold storage. This transfer highlights a significant increase, as Bitcoin's current value exceeds $67,000, representing a +1,700% rise from its average acquisition price of $3,750 in 2018.

Such reactivation of long-dormant Bitcoin wallets often occurs when investors or early miners decide to sell their holdings for profit.