Bitcoin

<p>Investors have been keeping a close eye on holders of long-dormant cryptocurrency wallets, known as &#8220;Bitcoin whales,&#8221; in recent months. These large addresses, which have not been touched for years, have been coming to life and moving significant amounts of Bitcoin. However, a new movement that has attracted market interest is the recent Bitcoin cache <a href="https://twitter.com/lookonchain/status/1649387289745977344" rel="nofollow noopener" target="_blank">movement</a> of about $7 million into three wallets.</p>



<h2 id="bitcoin-whales-continue-to-dominate-the-market">Bitcoin whales continue to dominate the market</h2>



<p>According to research by the Bank for International Settlements, Bitcoin whales are among the most successful crypto investors, typically holding onto their assets for years at a time. In contrast, retail investors who buy and sell frequently often lose out. This trend seems to be continuing, as data from blockchain firm Arkham Intelligence showed that over 53% of all Bitcoins ever minted had not been moved in over two years as of February 2022.</p>



<p>The recent movement of long-dormant Bitcoin whales has caught the attention of investors and analysts alike. In February, an old Bitcoin address that had been untouched for 11 years moved $9.6 million worth of the cryptocurrency, which had appreciated by 120,000,000% over the years. Such moves can be significant, as they indicate that these whales may be preparing to sell their assets or move them to different wallets.</p>



<h2 id="bitcoin-s-price-movement-shows-long-term-promise">Bitcoin’s price movement shows long-term promise</h2>



<p>Despite its recent drop in value, Bitcoin is still up significantly from its January 2022 levels. The cryptocurrency was trading at around $27,900 at the time of writing, down nearly 60% from its all-time high of $69,045 in November 2021. However, it has risen from under $17,000 in January, representing a significant increase in value over the past few months.</p>



<p><a href="https://www.cryptopolitan.com/bitcoin-price-analysis-2023-04-22/" data-type="post" data-id="293699">Bitcoin</a>&#8216;s price movements are notoriously difficult to predict, as they are subject to various market forces and influenced by a range of factors. Nevertheless, many analysts believe that the cryptocurrency&#8217;s long-term prospects remain positive, as it continues to gain acceptance as a legitimate store of value and investment asset.</p>



<p>The recent movements of long-dormant Bitcoin whales provide important insights into the state of the Bitcoin market and the sentiments of long-term investors. While it is impossible to predict the future movements of these Bitcoin whales, it is clear that Bitcoin&#8217;s long-term prospects remain positive. Investors should stay informed and keep a watchful eye on the movements of these large Bitcoin holders as they can indicate significant changes in the market.</p>

Bitcoin Whale moves 10-year-old Bitcoin stash

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