CandleFocus Dormant Bitcoin Whale Awakens: 500 BTC Moved After 8 Years, $5.7M Sent to Gemini
2024-11-22
Author: Content Editor
The price of bitcoin reached $98,367 per coin before dropping to $96,524, while a dormant bitcoin wallet from 2016 moved 500 BTC, now valued at $48.26 million. This movement of long-dormant wallets during significant price surges suggests the strategic motives of seasoned holders. It highlights the enduring appeal of bitcoin as a long-term store of value and showcases the influence of long-term holders on the cryptocurrency market.
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