Nearly 50,000 Dormant BTC Revived After Bitcoin Spot ETF Approval
Cryptocurrency tracker Arkham Intelligence monitors data reveals
Days after the spot Bitcoin ETF began trading, $2 billion worth of dormant Bitcoin was moved through multiple associated addresses.
These BTC moved once in 2019 and had previously been dormant since 2013.
âHistorically, these Bitcoins have all moved at the same time and date,â Arkham said.
It is reported that these BTCs have been merged from 49 addresses to 5 addresses, each address contains 8,000 to 12,000 BTC, and a total of 49,858 BTCs are held, with a total value of approximately US$2.12 billion.
