Bitcoin

Spot

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According to&nbsp;<a href="https://x.com/spotonchain/status/1812647963778506824">data</a> provided by Spot On Chain, a dormant Bitcoin wallet woke up earlier today after nearly 12 years in order to transfer $60 million worth of Bitcoin to two wallets.&nbsp;
The wallet initially received 1,000 coins in September 2012. Back then, Bitcoin was still an obscure project that had yet to break into the mainstream. It was trading at just a little over $12.&nbsp;
<h2 id="the-month-of-long-dormant-whales">The month of long-dormant whales&nbsp;</h2>
Notably, a rather high number of ancient Bitcoin addresses has been activated during this month.&nbsp;&nbsp;
For instance, two addresses containing a total of 50 Bitcoins were activated on July 12 after more than a decade of inactivity.&nbsp;
On July 8, an address containing 48 Bitcoins got activated after as many as 13 years.&nbsp;
On July 6, another massive Bitcoin whale sprung back to life with 1,004 Bitcoins that were activated after more than a decade.&nbsp;
So far, there have been two whale wallets with more than 1,000 Bitcoins that have been activated this month.&nbsp;
Such intense activity displayed by long-dormant whales this July is rather unusual. For comparison, only three transactions involving long-dormant Bitcoin whales were recorded by Whale Alert in April. In May, six such transactions took place. In June, the popular service for whale watching logged no activations of long-dormant wallets.&nbsp;
<h2 id="bitcoin-s-stunning-recovery">Bitcoin's stunning recovery&nbsp;</h2>
As&nbsp;<a href="https://u.today/bitcoin-btc-sees-abnormal-volatility-soars-to-nearly-63k">reported by U.Today</a>, the price of the leading cryptocurrency recently managed to reclaim the $62,000 level earlier today, reaching its highest level since early July.&nbsp;&nbsp;
However, it is unlikely that the most recent transfer is related to the Bitcoin price spike.&nbsp;

Dormant Bitcoin Whale Moves $60M Worth of BTC After Nearly 12 Years

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