2024

Bitcoin

Million

Coin

<ul class="news-points">
 <li><strong>Activation of dormant whale wallet with $43M in BTC raises concerns of potential selloff amid Bitcoin’s recovery.</strong></li>
 <li><strong>Bitcoin’s surge past $64K triggers caution among traders due to overbought signals and potential trend reversal indicators.</strong></li>
 <li><strong>Shorts dominating liquidations as Bitcoin rebounds, but impact of short squeeze may be limited, keeping market dynamics uncertain.</strong></li>
</ul>
<p><a href="https://coinedition.com/bitcoin-hits-1-billion-transaction-milestone-10-years-faster-than-visa/?utm_source=telegram_channel&amp;utm_medium=referral" rel="noopener noreferrer nofollow">Bitcoin</a> soared above the $64,000 threshold today, setting a momentous achievement in its current run-up.The resurgence in Bitcoin’s price was accompanied by a noteworthy event – the activation of a dormant wallet containing 687 BTC, valued at over $43 million as per Whale Alert data. This dormant Bitcoin whale, inactive for over a decade, made two substantial transfers to unknown wallets on Monday, totaling nearly $44 million.</p>
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   <p lang="en" dir="ltr"><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f4a4.png" alt="💤" class="wp-smiley" style="height: 1em; max-height: 1em;"> <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f4a4.png" alt="💤" class="wp-smiley" style="height: 1em; max-height: 1em;"> <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f4a4.png" alt="💤" class="wp-smiley" style="height: 1em; max-height: 1em;"> <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f4a4.png" alt="💤" class="wp-smiley" style="height: 1em; max-height: 1em;"> <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f4a4.png" alt="💤" class="wp-smiley" style="height: 1em; max-height: 1em;"> A dormant address containing 687 <a href="https://twitter.com/hashtag/BTC?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#BTC</a> (43,893,168 USD) has just been activated after 10.3 years!<a href="https://t.co/l31uAyadYZ" target="_blank" rel="noopener noreferrer nofollow">https://t.co/l31uAyadYZ</a></p>— Whale Alert (@whale_alert) <a href="https://twitter.com/whale_alert/status/1787330674359144931?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">May 6, 2024</a>
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<p>As per Lookonchain, an onchain analytic firm, the first transaction involved the transfer of 625.42 BTC, amounting to a&nbsp; $41 million. The second transfer moved 61.9 BTC, equivalent to approximately $4 milli…</p>
<p>The post <a href="https://coinedition.com/crypto-alert-dormant-wallet-activates-with-transfers-44-million-in-bitcoin-whats-next/" rel="noopener noreferrer nofollow">Crypto Alert: Dormant Wallet Activates With Transfers $44 Million in Bitcoin: What’s Next?</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.</p>

Crypto Alert: Dormant Wallet Activates With Transfers $44 Million in Bitcoin: What’s Next?

Coin Edition

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