🚀 The long-dormant "whale" wallets are awakening, is Bitcoin set to reach an all-time high? 🐳
A wallet that accumulated 749 BTC back in 2012 has suddenly awakened after 12 years of silence! Yesterday, this wallet address transferred out 159 BTC, drawing widespread attention from the community. Bitcoin's price has broken the $72,000 mark for the first time since June; is this a coincidence or a calculated move?
According to on-chain analysts, this wallet purchased 749.23 BTC in 2012 and has remained inactive since. Yesterday, this whale transferred 159.23 BTC (worth $11.32 million) to an unknown address. The last time this asset was touched was in November 2012, when 10 BTC were transferred, worth only $110 at the time. Currently, this wallet still holds BTC worth $42 million.
According to TradingView market data, Bitcoin rose over 4.5% yesterday, with the current trading price at $72,402. This means that from 2012 to now, the value of this whale's Bitcoin has increased over 6,500 times!
In the past year, some long-term holding wallets have started to become active, transferring their Bitcoin to new addresses. Some have even moved directly to exchanges, which may indicate they are seeking to cash out. This includes some wallets speculated to be related to Satoshi Nakamoto himself.
At the end of September, a wallet that had been dormant for 13 years suddenly woke up, transferring 5 BTC to an exchange; this whale address still holds 1,215 BTC ($7.7 million), sparking widespread speculation on social media.
Yesterday, Bitcoin's price broke through the psychological barrier of $70,000, turning resistance into support. Crypto strategist Jelle stated that the supply zone between $72,000 and the all-time high of $73,737 is the last barrier to price breakout.
Analyst Amber_D also believes Bitcoin will break through $71,000 and return to the strong resistance area between $71,000 and $73,000. If Bitcoin's price decisively closes above $72,000, it is likely to enter a price discovery phase above the historical high.
Finally, what are your thoughts on this whale awakening and the breakthrough in Bitcoin's price? What do you think the next target price for Bitcoin will be? Leave your thoughts in the comments!