Dormant Bitcoin (BTC) wallet from Satoshi era springs back to life BTC $BTC
According to Lookonchain, the whale with 1,128 BTC reactivated and transferred 279 BTC worth $7.8 million to three new addresses. It notes that the whale received the said 1,128 BTC in October 2012 and May 2013, when prices were $12 and $195, respectively.
While HODLers are often associated with coin dormancy, the Bitcoin network is seeing increased activity., in its most recent weekly report, notes that organic transaction counts are now over 270K/day, which is approaching cycle highs on a monthly average basis. While Bitcoin is seeing increased activity, the hodling of BTC coins is increasing, as Glassnode recentlyBitcoin based on on-chain analysis sits in somewhat neutral territory, above the foundation forming a supply cluster between $16K and $25K, where significant coin volume changed hands, Glassnode noted.
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