Bitcoin wallets, which had been dormant for a long time in the cryptocurrency world, have unexpectedly become active again. Millions of dollars worth of Bitcoin were transferred from wallets dating back to 2012 and 2013. This sudden movement has created great curiosity in the markets.
Bitcoin Wallet From 2012 Moves $21 Million
Recently, a Bitcoin wallet that had not been used since May 2012 transferred exactly 204.46 BTC. At that time, the price of Bitcoin was only around $5.09, meaning the total value in this wallet was only $1,040. Today, the value of these BTCs exceeds $21.4 million. This transaction stands out as one of the examples of old wallets that have been inactive for five years starting to revive. The re-release of Bitcoins that have not been touched for many years creates great curiosity and speculation among investors.
Bitcoin Wallets Model 2013 Launch One After Another
Immediately after this incident, two more old wallets from 2013 started to move. First, a wallet created on December 30, 2013 transferred 100 BTC. These Bitcoins were moved to a new Bech32 address, bringing the total value to approximately $10.4 million. A day later, another wallet created on December 31, 2013 transferred 101.28 BTC. Again, the Bitcoins were redirected to a new Bech32 address. This movement left a strong impression that old Bitcoin owners may be returning to the market.
Are Old Bitcoin Whales Making a Move?
According to experts, the revival of Bitcoins that have been dormant for a long time may indicate that large investors, whales, have started to reposition themselves in the market. According to Santiment data, wallets holding between 100 and 1,000 BTC have now reached an all-time high. This movement is directly related to the Bitcoin price remaining above $100,000. Are large investors planning to sell their old Bitcoins or simply move them to different wallets? The answer to these questions will determine how the markets will shape up.
