Bitcoin whale from 2013 reactivates wallet with massive 63,946% profit, potential for increased selling

From Investing.com

July 19, 2024 12:30:23 pm:

A dormant BTC wallet from 2013 has been reactivated, containing 26 Bitcoin worth $1,663,917. The massive increase in value is 63,946.1%. Other dormant Bitcoin wallets from the Satoshi era have also become active recently, potentially leading to increased selling. Santiment reported a sharp decrease in the number of wallets holding Bitcoin, with traders expecting limited price growth beyond the previous all-time high of $73,750. Despite the declines, Bitcoin is currently trading at $64,033 with a 2.8% drop since Wednesday.

Read more at Investing.com: Dormant Bitcoin Whale Explodes to Life With Massive 63,946% Profit By U.Today