49,866 Bitcoins that had been inactive for five to seven years were relocated on January 16.
- The average cost of a Bitcoin unit aged five to seven years is $6,672, which is a relatively low purchase price and would yield a gain of about 640% if sold at this time.
- The 49,866 volume was not sent to exchanges, and whales have been observed stealthily buying and trading recently with little to no trail left behind.
- Nonetheless, it is imperative to exercise caution in the near term regarding Bitcoin purchases made at a discount.
The market is still very optimistic about Bitcoin. Watch for significant changes and keep an eye out for market patterns.
$BTC #BitcoinETF💰💰💰 #BTC-ETF.