2024

Bitcoin

DeFi

when

<figure>
 <figcaption>
  Cover image via <a href="https://u.today/" rel="noopener noreferrer nofollow">U.Today</a>
 </figcaption>
</figure>
<p dir="ltr">After 10.6 years in dormancy, another Bitcoin (BTC) address has emerged in the ecosystem.&nbsp;<a href="https://x.com/whale_alert/status/1810722932252959005" rel="noopener noreferrer nofollow">According</a> to data insights from Whale Alert, the Bitcoin address contained 149 BTC valued at $8,590,673 at the time of the reactivation.</p>
<h2 id="right-time-to-make-comeback">Right time to make comeback</h2>
<p dir="ltr">Many&nbsp;<a href="https://u.today/satoshi-era-wallets-keep-returning-from-dormancy-and-its-highly-unusual" rel="noopener noreferrer nofollow">Bitcoin wallets have come back to life</a> over the past few months. While each of these wallets has reasons for returning from dormancy, the accrued gains mark a major catalyst fueling this revival.</p>
<p dir="ltr">This latest return came with more than a 10,400% gain overall. At the time the wallet received the 149 BTC it HODLed all these years, the value of the coins was pegged at $81,667 - sometime in 2013. With the valuation now coming in at more than $8.5 million, the whale has achieved one of the biggest trading profits in the market at this time.</p>
<blockquote>
 <p lang="en" dir="ltr">💤 A dormant address containing 149 <a href="https://twitter.com/hashtag/BTC?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#BTC</a> (8,590,673 USD) has just been activated after 10.6 years (worth 81,667 USD in 2013)!<a href="https://t.co/oL0l1mbVlr" rel="noopener noreferrer nofollow">https://t.co/oL0l1mbVlr</a></p>— Whale Alert (@whale_alert) <a href="https://twitter.com/whale_alert/status/1810722932252959005?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">July 9, 2024</a>
</blockquote>
<p dir="ltr">From 2013 to the date when the whale exited dormancy, Bitcoin has seen a series of milestones. From the first major all-time high (ATH) above $17,000 in 2017 to more than $69,000 in November 2021, and recently $73,750,&nbsp;<a href="https://u.today/bitcoin-to-80000-btc-indicator-signals-next-key-target" rel="noopener noreferrer nofollow">waiting on further action</a> might just seem like too much for the whale.</p>
<h2 id="joining-new-bitcoin-era">Joining new Bitcoin era</h2>
<p dir="ltr">Unlike many of the Bitcoin addresses that make their way back to the ecosystem, there is no sign of the funds transfer from this whale. It remains a tough task to determine where or when this Bitcoin address will choose to liquidate its holdings.</p>
<p dir="ltr">Should they decide to move the funds, there are many potential options to utilize the funds as the Bitcoin ecosystem has grown remarkably over the years. With DeFi on Bitcoin and&nbsp;<a href="https://u.today/bitcoin-ordinals-smash-records-with-36-million-trading-frenzy-time-to-dive-in" rel="noopener noreferrer nofollow">Ordinals Inscription</a>, there are multiple reasons why a delayed sell-off might pay off in the end.</p>
<p dir="ltr">At the time of writing, the Bitcoin price is up 1.89% in 24 hours to $58,681.74, a major succor after an extensive drawdown.</p>

Dormant Bitcoin (BTC) Address Back to Life After 10,400% Gain

Table of Contents

U_Today

Egyéb ezen a dátumon (2024. júl. 10.) megosztott cikkek

Microsoft and Apple Decide Not to Join OpenAI Board

Move Over Slowpokes! MoonBag Speeds Past GALA & EOS on the Road to Riches

Is the Bitcoin Market Resilient? Does It Absorb Large-Scale Sales?

Nigerian minister urges SEC to tackle crypto regulation challenges

Mafia Tate Mememcoin to Skyrocket 14,000% as KuCoin Listing Announced, While SHIB and Dogecoin St...

Cardano Makes Strides in Gaming Space with New Milestone

Join our free newsletter for daily crypto updates!