From Investing.com: 2024-07-08 14:00:26

A dormant Bitcoin address holding 48 BTC worth $2.57 million was activated after 13 years, showing a 400,179% profit. Reactivation of old addresses often signals potential market sell-offs. This trend in old wallet reactivations coincides with Bitcoin’s price drop to $54,300, the lowest in months.

An unknown whale transferred 1.949 BTC ($111,450) to a new address after 13 years of inactivity. The investor also sent 1 BTC to another new address, possibly indicating further distribution of Bitcoin. The use of different address formats like traditional, multisignature, and SegWit adds to the intrigue.

Read more at Investing.com: Satoshi-Era Bitcoin Whale Suddenly Wakes up With 400,179% Profit By U.Today