Bitcoin wallets, which have been dormant for a long time, have started to become active again after more than a decade. According to Whale Alert data, a Bitcoin wallet holding 25 BTC and currently worth $1.43 million has become active after 10.6 years. The initial value of BTCs in this reactivated wallet was only $20,399, representing an increase of more than 6,900%.
On-chain data shows that Bitcoin wallets, some of which have been dormant for more than a decade, have become active again. Whale Alert stated that the mobility of this wallet, which contains 25 BTC and is worth approximately $1.43 million, highlights the long-term profitability of early Bitcoin investments.
Additionally, another old wallet holding 24 BTC, worth approximately $1.44 million, was also active again after 11.3 years. In one notable transaction, a whale transferred 149 BTC, or $8.6 million worth of Bitcoin, after 10.6 years of inactivity. These movements involve approximately $11 million worth of Bitcoin in total and represent significant holdings by long-term investors.
Last month, renowned crypto strategist Ali Martinez highlighted that massive assets worth $3.3 billion, equivalent to 50,000 BTC, were liquidated by deep-pocketed investors in just 10 days. These mass sell-offs have created significant selling pressure on Bitcoin. At the same time, Bitcoin miners also disposed of their collections, selling 1,200 BTC, or more than $79.2 million worth of Bitcoin, which significantly contributed to the price correction of the asset. At the time of reporting, Bitcoin was trading slightly higher at $57,933.
Recent market reactions create a critical evaluation period for Bitcoin holders and potential investors. Such high-value transactions and resulting market corrections require a strategic analysis of future investment patterns. Experts predict that Bitcoin's long-term profitability is evident, but there may be fluctuations in the short term due to sales by large investors.
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So who will benefit?
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I EXPLAIN IN DETAIL.
My brothers and sisters who have become a Binance member without reference, please listen carefully;
When you do what I say, you will receive 10 USDT.
Enter the Futures Section from your application,
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WHEN WILL THE AWARD COME?
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