“A dormant address containing 100 BTC ($6,017,301) has just been activated after 12.7 years (worth $605 in 2012)!”
On Wednesday, an even larger ancient Bitcoin address woke up and relocated a Bitcoin trove at a profit of more than 5,972,915%.
Says blockchain tracker Whale Alert,
“A dormant address containing 121 BTC ($7,525,999) has just been activated after 13.7 years (worth $126 in 2011)!”
Earlier this month, a third long-term deep-pocketed Bitcoin holder was spotted waking up by Whale Alert.
“A dormant address containing 100 BTC ($6,113,890) has just been activated after 10.8 years (worth $83,492 in 2014)!”
Despite the on-chain data, Ki Young Ju, the head of blockchain analytics platform CryptoQuant, recently said that the Spent Output Age Bands (SOAB) metric indicates long-term holders of Bitcoin are largely not moving their coins.
The SOAB bundles spent coins into categories depending on their age and presents them in colored bands as a proportion of total coins moved.
Said Ju,
“Ancient Bitcoin whales are still sleeping. Moving Bitcoins dormant for seven-plus years has historically triggered market volatility, depending on source and destination. (Mt. Gox excluded in this chart). If you were an ancient whale, what would you do now?”
$BTC is trading for $62,723 at time of writing, up more than 4% in the last 24 hours
Satoshi Nakamoto denied the claim by HBO that he is the creator of $BTC . the uptober people i hope my previous posts are making sense? if not the court cases $XRP & $LUNA price, with full morale and alercrity would've trended far beyond what we have expected
Recent crashes doesn't happened because of the conflicts between Israel - Hamas. It happened as a result of manipulation and we're yet to experience the real crypto crash, as a result of ongoing war between Israel - Hamas plus other countries it may affect. After Russian Ukraine war started on 24th February, 2022. It took months before it started to affect crypto market. Same history is about to repeat itself. Don't mind those telling you uptober..
Crypto market is full of manipulation. The organised rich(whales) won't let the poor to breath. I said bitcoin (the chief coin) will hit 80k and above next year and not this year, therefore, hold back your little benefits. Buy low and sell high. Don't be greedy, the price always pump like flood but when a targeted prey got trapped by the given bait, the flood meander back. Them said it's decentralised but these schemes is been controlled. Note: my lil write-up is note a financial advice, but an opinion. Do your own research and don't stuck on..
Cause of crypto crash (1) #endbadgovernment in Nigeria (2) war situation in middle east (3)Japanese stock market crashing (4) trump winning odd decrease from 70% to 52% (5) Jump Trading dumping Eth (6) Civil war in UK (7) high rates of unemployment in US (8) Genesis & MT. GOX still selling
Yes!!! I"m the guy that saw tomorrow. I told you guys on July 24th that $BTC will drop @ 40k and below. $ETH to drop @ 2k and below $BTC to hit 80k and above 2025 Some people couldn't believe... Lol go through my post and you'll see it Just that I'm fully occupied to predict..
If you rely on what people are posting then you're in the avenue of making huge mistake/lose. I've been the victim of peoples opinion for long.. Bitcoin halving bitcoin halving.. The price of bitcoin will hit $100k..200..1000k then you rush to buy at 70k later dropped and stuck below 60k. Maybe you borrowed from bank to purchase your coin. I'm so sorry! Here is my prediction but pls don't take it personal. It's just an instinct.. May or may not happen $BTC price to hit and above 80k next year 2025 and will still low @ 40k and below this year 2024. $ETH price to hit 5k this year 2024 and will still go low @2k and below this year 2024. $BONK price to hit $1 next year 2025 MATIC to still hit $1 and above again this remaining month of the year 2024 LUNA to hit $3 above this year 2024. JUST Hodl
As the cryptocurrency market continues to mature, the volatility experienced today is a reminder of the inherent risks and opportunities within this space. Investors are advised to remain cautious, conduct thorough research, and consider long-term trends alongside daily price movements.
In conclusion, the cryptocurrency market on July 19, 2024, illustrates a dynamic and evolving landscape where understanding underlying factors and market sentiment is key to navigating investments. As the industry progresses, the integration of crypto assets into broader financial contexts and their adoption in various applications will likely influence their value and utility further.