An old Bitcoin wallet that had been dormant since 2013 suddenly came to life and transferred 16,943 BTC, worth $1.15 million, to a new unknown wallet. The wallet had received this amount from Bitstamp in 2013, which was worth $2,160 at that time. The sudden activity of this ancient Bitcoin whale, along with other similar events, may indicate a trend of whales cashing out and selling their highly profitable Bitcoin. This could impact the plans of Bitcoin bulls and raise concerns about the depth of whale holdings in the crypto market.



Other News from Today