Satoshi-era BTC whale wakes up after 13.4 years with 411,696% profit, sparking bearish concerns

From Investing.com

October 21, 2024 9:30:23 AM:

An anonymous BTC whale from the Satoshi era, dormant for 13.4 years, resurfaced with a 20 BTC transfer. The wallet was inactive since June 2011 and initially moved to another anonymous wallet, “3Eddvk.” Subsequently, the BTC was transferred to Bitstamp, a major crypto exchange. Market experts view such awakenings as bearish signs due to profit-taking behavior. Holding since 2011 resulted in a 411,696% return. Concerns arise over potential sell-offs as other dormant wallets may follow suit.

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