Bitcoin whales awaken after 10.7 years, make massive profit, sparking speculation in crypto community.

From Investing.com: 2024-05-12 11:00:24

Two dormant BTC wallets were suddenly activated after 10.7 years, transferring 1,000 BTC valued at $60.9 million within 20 minutes. The wallets, “16vRqA” and “1DUJuH,” received 500 BTC each in 2013, now seeing a profit margin of 49,274.2% or $60.8 million. The move has sparked speculation in the crypto community.

The reactivation of long-dormant BTC wallets has historically been viewed as bearish, indicating a potential sell-off for profit. However, analysts are eagerly anticipating the next move of the wallets “16vRqA” and “1DUJuH” due to unique circumstances. This development may signal a shift in market sentiment.

Read more at Investing.com: Ancient Bitcoin Whales Suddenly Awake After 10.7 Years With 49,274.2% Profit By U.Today