According to U.Today, a dormant Bitcoin wallet was reactivated earlier today after nearly 12 years, transferring $60 million worth of Bitcoin to two separate wallets. The wallet originally received 1,000 Bitcoins in September 2012, when Bitcoin was trading at just over $12. This reactivation is part of a broader trend this month, with several long-dormant Bitcoin addresses becoming active again.
Notably, this month has seen a significant number of ancient Bitcoin addresses being reactivated. For instance, on July 12, two addresses containing a total of 50 Bitcoins were activated after more than a decade of inactivity. On July 8, an address with 48 Bitcoins was reactivated after 13 years. Additionally, on July 6, a whale wallet containing 1,004 Bitcoins was activated after more than a decade. So far, two whale wallets with over 1,000 Bitcoins each have been reactivated this month.
This surge in activity from long-dormant Bitcoin whales is unusual. For comparison, only three transactions involving long-dormant Bitcoin whales were recorded by Whale Alert in April. In May, six such transactions took place, while June saw no activations of long-dormant wallets.
As reported by U.Today, Bitcoin's price recently reclaimed the $62,000 level, reaching its highest point since early July. However, it is unlikely that the recent transfer of $60 million worth of Bitcoin is directly related to this price spike.