Cardano

Bank AI

Bitcoin

<div class="watcher-guru"> 
 <p>Recently, over the course of five transactions, 909.89 Bitcoin (BTC) were transferred after being “asleep” since 2012. When purchased, the <a rel="noopener noreferrer nofollow" title="coins" href="https://thebittimes.com/tag/coins.html">coins</a> were worth less than $10,000. Today, they are worth more than $24 million. This translated to a growth rate of almost 239900%.</p> 
 <p>The transactions were detected by the blockchain tool <a rel="noopener noreferrer nofollow" title="btc" href="https://thebittimes.com/tag/btc.html">btc</a>parser1. The tool is specifically designed to keep track of dormant BTC addresses. The platform keeps an eye on the BTC blockchain for 64,529 such addresses.</p> 
 <p><strong>Also Read: Solana, XRP, Cardano See Inflows as Bitcoin Faces $45M Outflows</strong></p> 
 <div class="quads-location quads-ad33739 " id="quads-ad33739" style="float:none;margin:0px 3px 3px 3px;padding:0px 0px 0px 0px;"> 
  <div class="publift-ad add"> 
   <div data-fuse="22560828227"></div> 
  </div> 
 </div> 
 <p>Additionally, another batch of sleeping Bit<a rel="noopener noreferrer nofollow" title="coins" href="https://thebittimes.com/tag/coins.html">coins</a> (BTC) from 2012 moved for the first time in 11 years. This brings the tally to nine transactions in 2023 involving old, dormant BTC. Nonetheless, it is unclear if the <a rel="noopener noreferrer nofollow" title="coins" href="https://thebittimes.com/tag/coins.html">coins</a> belong to one entity or a group of individuals. However, purchase dates and clustering heuristics suggest that it may belong to one owner.</p> 
 <div class="quads-location quads-ad15192 " id="quads-ad15192" style="float:none;margin:0px 3px 3px 3px;padding:0px 0px 0px 0px;"> 
  <div id="primisContainer" class="add"></div> 
 </div> 
 <h3 class="wp-block-heading" id="h-why-are-sleeping-bitcoin-addresses-waking-up">Why are sleeping Bitcoin addresses waking up?</h3> 
 <figure class="wp-block-image size-large"> 
  <img decoding="async" width="1024" height="676" src="https://cdn.thebittimes.com/images/2023/09/20/2191f6ae7db1960275dda4e536cfc77b.webp" alt class="wp-image-107228" srcset="https://cdn.thebittimes.com/images/2023/09/20/2191f6ae7db1960275dda4e536cfc77b.webp 1024w, https://cdn.thebittimes.com/images/2023/09/20/2191f6ae7db1960275dda4e536cfc77b.webp 300w, https://cdn.thebittimes.com/images/2023/09/20/2191f6ae7db1960275dda4e536cfc77b.webp 768w, https://cdn.thebittimes.com/images/2023/09/20/2191f6ae7db1960275dda4e536cfc77b.webp 380w, https://cdn.thebittimes.com/images/2023/09/20/2191f6ae7db1960275dda4e536cfc77b.webp 550w, https://cdn.thebittimes.com/images/2023/09/20/2191f6ae7db1960275dda4e536cfc77b.webp 800w, https://cdn.thebittimes.com/images/2023/09/20/2191f6ae7db1960275dda4e536cfc77b.webp 1160w, https://cdn.thebittimes.com/images/2023/09/20/2191f6ae7db1960275dda4e536cfc77b.webp 1280w" sizes="(max-width: 1024px) 100vw, 1024px"> 
  <figcaption class="wp-element-caption">
    Source: Bitcoinist 
  </figcaption> 
 </figure> 
 <p>There are several reasons why these sleeping addresses may be waking up. It is possible that the owner did not have access to their address for a long time and finally found his keys. It is also possible that the owner is a long-term holder and is moving his funds around for better management of its assets. Furthermore, it is also possible that the addresses belong to an organization that has decided to move the tokens in light of the spot BTC ETF (Exchange Traded Fund) applications that are awaiting approval.</p> 
 <p><strong>Also Read: Japan’s Largest Investment Bank Nomura Launches Bitcoin Adoption Fund</strong></p> 
 <p>Moreover, there is no indication as of yet that the recently moved Bit<a rel="noopener noreferrer nofollow" title="coins" href="https://thebittimes.com/tag/coins.html">coins</a> (BTC) have been transferred to an exchange. If they were moved to an exchange, it would raise the possibility of liquidation, which could have a negative impact on the market. BTC has seen growth of over 60% this year, since Jan. 1. Moreover, over the last decade, the original crypto has become one of the best-performing financial assets out there.</p> 
 <div class="quads-location quads-ad33742 " id="quads-ad33742" style="float:none;margin:0px 3px 3px 3px;padding:0px 0px 0px 0px;"> 
  <div class="publift-ad add"> 
   <div data-fuse="22560828233"></div> 
  </div> 
 </div> 
 <p></p> 
</div> 
<div class="cs-entry__tags"> 
 <ul> 
  <li>bitcoin</li> 
  <li>btc</li> 
 </ul> 
</div> 
<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/910-bitcoins-from-2012-moved-after-10-years-of-hodling-tbt63352.html">https://thebittimes.com/910-bitcoins-from-2012-moved-after-10-years-of-hodling-tbt63352.html</a></p>

910 Bitcoins From 2012 Moved After 10+ Years of HODLing

Table of Contents

TheBitTimes

Other articles published on Sep 20, 2023

Bitcoin vs. CBDCs: The Rise, Concerns, and the Unending Debate

PayPal USD stablecoin to be integrated into Venmo

Bitcoin Surges Past $27,000 as Nomura Launches Bitcoin Adoption Fund

Potential catalysts for XRP price incoming; Expert analysis

Russian Energy Ministry Targets Crypto Mining with Surge in Tariffs

Balancer Hit by DNS Exploit, Potential Losses Estimated at $238K

Join our free newsletter for daily crypto updates!