🐋 Dormant Bitcoin wallets are waking up again.
Bitcoin wallets that have been untouched since $BTC
traded for just a few dollars are suddenly becoming active.
According to data tracked by Galaxy Research, six wallets last active between 2011 and 2014 moved a combined 553.59 BTC, worth roughly $40 million, between August 16 and August 26.
One of these wallets had reportedly been inactive for more than 15 years. 👀
Large movements from Bitcoin’s earliest holders naturally raise questions about potential selling pressure. Are OG holders finally taking profits, or simply moving their coins?
Either way, these transactions are worth watching. 🧐
#Bitcoin #BTC #Crypto #WhaleAlert #BitcoinWhales
Bitcoin wallets that have been untouched since $BTC
traded for just a few dollars are suddenly becoming active.
According to data tracked by Galaxy Research, six wallets last active between 2011 and 2014 moved a combined 553.59 BTC, worth roughly $40 million, between August 16 and August 26.
One of these wallets had reportedly been inactive for more than 15 years. 👀
Large movements from Bitcoin’s earliest holders naturally raise questions about potential selling pressure. Are OG holders finally taking profits, or simply moving their coins?
Either way, these transactions are worth watching. 🧐
#Bitcoin #BTC #Crypto #WhaleAlert #BitcoinWhales
