😱🦈 The Bitcoin Whale That Has Been Dormant for a Decade Has Finally Woken Up!
A wallet belonging to a whale, holding 1701 Bitcoins valued at $118 million, has recently shown signs of activity after ten years of inactivity. The wallet, which had not been touched since 2013, received 4272 BTC at an average price of $29.3 when Bitcoin was priced at around $125. With the current price of Bitcoin surpassing $70,000, the whale has made a remarkable profit of approximately 240,000%.
Recent movements from old wallets indicate a shift towards transferring assets to new, more secure wallets rather than exchanges. This suggests a strategic decision by whales to protect their holdings rather than selling them immediately.
Furthermore, Lookonchain has reported that another whale has been accumulating Bitcoin since March 6, acquiring around $90 million worth of BTC at an average price of $68,000. This accumulation indicates a sustained bullish sentiment and significant investment activity in the market.
#HalvingHorizons
