Ethereum

2024

Bitcoin

Whale Alert reveals that several Bitcoin addresses, inactive for over ten years, have suddenly become active again in the cryptocurrency market. 
These reactivations involve substantial sums, including one address with 43 BTC. This sudden movement coincides with a slight decline in Bitcoin prices, which have dropped by 3.03% in the last 24 hours, now trading at 60,223.62. 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper"> 
 <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 💤 A dormant address containing 43 <a href="https://twitter.com/hashtag/BTC?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">#BTC</a> (2,603,419 USD) has just been activated after 10.4 years!<a href="https://t.co/Q6axvLpjyO" target="_blank">https://t.co/Q6axvLpjyO</a>— Whale Alert (@whale_alert) <a href="https://twitter.com/whale_alert/status/1808596914268512577?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">July 3, 2024</a>
 </blockquote> 
 </div>
</figure> 
The reactivation of these addresses, including two marked as 16vRqA and 1DUJuH, which each contained 500 BTC, has raised concerns over potential market impacts.&nbsp; 
These addresses, dormant for ten years, <a href="https://x.com/lookonchain/status/1789599944749596795" target="_blank" rel="noreferrer noopener nofollow">resumed</a> activity within a day of each other, transferring significant sums. Additionally, an address that had been inactive for 5.5 years moved 8,000 BTC to Binance, valued at about 5 million at the time of transfer. 
In another major transaction, a <a href="https://www.cryptotimes.io/2024/03/30/dormant-bitcoin-wallet-activates-transfers-500-btc/" target="_blank" data-type="link" data-id="https://www.cryptotimes.io/2024/03/30/dormant-bitcoin-wallet-activates-transfers-500-btc/" rel="noreferrer noopener">wallet inactive for nearly 12 years transferred 500 BTC</a> to several new addresses, with the entire holding valued at just under a million. 
However, the cryptocurrency market remains volatile as strategic movements of old Bitcoins continue to influence trading dynamics. The activities of these long-dormant addresses could potentially indicate larger trends or strategic plays by major holders within the market. 
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow"> 
 Also Read: <a href="https://www.cryptotimes.io/2024/07/03/bitcoin-dips-below-60k-whales-and-mt-gox-trigger-sharp-sell-off/" target="_blank" data-type="link" data-id="https://www.cryptotimes.io/2024/07/03/bitcoin-dips-below-60k-whales-and-mt-gox-trigger-sharp-sell-off/" rel="noreferrer noopener">Bitcoin Dips Below $60K: Whales and Mt. Gox Trigger Sharp Sell-Off</a> 
</blockquote>

Dormant Bitcoin Wallets Reactivate After 10 Years

The Crypto Times

Other articles published on Jul 4, 2024

Piggycell, a IoT based RWA project, secures investment from a public mainnet, Internet Computer (...

Pepecoin Investors Fall In Love With Rival PEPE Token Here’s Why

The Best Altcoins For 30x Gains To Buy Now In 2024 – Most Trending AltCoins

With LBank Listing Confirmed, MoonBag’s Rumored Potential Coinbase Debut Becomes The Talk of the ...

Elon Musk’s AI hints at potential XRP adoption on X

Why Bitcoin hasn’t surged? Key industry leaders may hold the Answer

Join our free newsletter for daily crypto updates!