Whale Alert reported that several Bitcoin addresses, inactive for over ten years, have suddenly become active again. These reactivations involve significant amounts of Bitcoin, such as one address with 43 BTC. This sudden activity coincides with a slight decline in Bitcoin prices, which have dropped by 3.03% in the last 24 hours, now trading at $60,223.62.
Two of these reactivated addresses, labeled 16vRqA and 1DUJuH, each contained 500 BTC. Their sudden activity has raised concerns about potential impacts on the market. These addresses, dormant for a decade, resumed activity within a day of each other, moving large sums of Bitcoin. Additionally, another address inactive for 5.5 years moved 8,000 BTC to Binance, valued at about $5 million at the time of transfer.
In another significant transaction, a wallet inactive for nearly 12 years transferred 500 BTC to several new addresses, with the total value just under $1 million. These movements of long-dormant Bitcoins continue to influence the volatile cryptocurrencycurrency market. The strategic actions of these old Bitcoin holders could indicate larger trends or plays by major market participants.
Also read: Runes Protocol Experiences Sharp Decline in Activity
