As of now, Bitcoin is experiencing a downward trend and hovering just above $30,000, while it had previously tested the $31,000 resistance level. Following the recent developments in the cryptocurrency sector in June, individual investors are feeling quite confused. It is known that the trends of whales, who hold large amounts of cryptocurrencies, provide clear signals about future prices. Today, at 03:43 AM (June 26), the activation of long-dormant wallets caught attention.
After 13 years of inactivity, transfer transactions were made from wallets holding a total of $3 million worth of BTC. These bitcoins, each containing 50 BTC, were transferred to different wallets and had been held since 2010.
The motivations behind these transactions remain uncertain. Possible reasons include transferring BTC to exchanges for selling purposes or changing wallets.
Dr. Kirill Kretov, a blockchain analyst and developer, stated in his assessment to Decrypt that these BTCs, mined in 2010, likely belong to computer experts who were experimenting with the technology at that time. Kretov mentioned an intriguing theory that these old whale wallets move BTCs among themselves as a signal when it's time to increase the price of Bitcoin:
"There are researchers who take notes on these wallet movements and try to predict future prices based on price charts. Fortunately, I am not one of them."
