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 <p>A Bitcoin address inactive for over 3 years unexpectedly moved around $140 million worth of BTC earlier this week. Blockchain tracking firm PeckShieldAlert tweeted that the dormant wallet with over 5,000 BTC executed transfers to three addresses.</p>
 <p><strong>Also read: HTX Recovers $8M in Stolen Funds, Offers 250 ETH Bounty</strong></p>
 <p>The wallet’s original BTC deposit occurred in early 2020, when prices languished below $10,000. After three quiet years, the stash worth over $140 million at current valuations was suddenly put into play.</p>
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    <p lang="en" dir="ltr">#PeckShieldAlert A dormant $BTC address 1LH1dY…ztTz (which has been inactive for 3 years) has transferred ~5K $BTC (~$140M) to 3 addresses<br><br>bc1q5rpq5wppf5tua2yd97nscp8gpz8fq0w740g22c<br><br>34aed6ryXt6ZCHv6k2WPiyy7ap5VbyHr8D… pic.twitter.com/kLj1SeEQSh</p>— PeckShieldAlert (@PeckShieldAlert) October 8, 2023
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 <h2 class="wp-block-heading" id="h-bitcoin-dormant-addresses-are-becoming-active">Bitcoin dormant addresses are becoming active</h2>
 <p>This is not the first instance of long-dormant Bitcoin fortunes shifting this year. In September, a wallet inactive since 2016 transferred 2,100 BTC, now worth $56.3 million.</p>
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 <p>Whale watchers speculate on various motives when hibernating wallets awaken, from taking profits to estate planning and security measures.</p>
 <p><strong>Also read:&nbsp;Ripple CTO: XRPL Needs Consensus on AMM Feature</strong></p>
 <p>Despite the chatter when <a rel="noopener noreferrer nofollow" title="whale" href="https://thebittimes.com/tag/whale.html">whale</a>s move dormant stashes, Bitcoin’s price has remained relatively unfazed. The past transfers up to $252 million barely registered on BTC’s chart.</p>
 <p>Currently, Bitcoin hovers around $27,491, with minimal impact from the latest decades-old wallet transferring its appreciated holdings. Dormant Bitcoin supplies regularly re-entering circulation are to be expected during bull runs as holders seize opportunities to realize vast gains.</p>
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<div class="cs-entry__tags">
 <ul>
  <li>bitcoin</li>
  <li>btc</li>
  <li>whale</li>
 </ul>
</div>
<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/bitcoin-whale-resurfaces-with-140m-wallet-after-3-quiet-years-tbt65556.html">https://thebittimes.com/bitcoin-whale-resurfaces-with-140m-wallet-after-3-quiet-years-tbt65556.html</a></p>

Bitcoin Whale Resurfaces with $140M Wallet After 3 Quiet Years

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