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- A dormant Bitcoin wallet with 81 BTC reactivated after 10.9 years.
- Long-term Bitcoin holders awaken, with one address reactivating after a decade.
A dormant Bitcoin wallet containing 81 BTC, now worth roughly $5.19 million, was unexpectedly resurrected after nearly 10.9 years. Back in 2013, this address held Bitcoin worth $44,707, demonstrating a tremendous increase in value over time.
Whale Alert detected this significant movement first. The activation of this address contributes to a rising trend of old Bitcoin wallets resuming activity after years of inactivity.
💤 A dormant address containing 81 #BTC (5,189,542 USD) has just been activated after 10.9 years (worth 44,707 USD in 2013)!https://t.co/0QTLIfzk6K
— Whale Alert (@whale_alert) September 23, 2024
Resurgence of Long-Dormant Bitcoin Wallets Signals Market Shift
In recent months, there has been an increasing number of Bitcoin addresses that have been inactive for over a decade suddenly reactivated. For example, another well-known wallet that was recently revived had 43 BTC, showing the broader trend of long-term holders opting to act.
This unexpected activity from inactive addresses not only piques interest, but it also contributes to the dynamic dynamics of the Bitcoin market, indicating that significant sums of bitcoin have been laying in wait for years, possibly until the ideal moment comes.
In addition to this remarkable revelation, CNF has reported that two other Bitcoin wallets that had been dormant for 15 years had revived. These wallets transferred a total of 100 BTC worth more than $6.24 million, bolstering the idea that inactive holders are awakening and taking action.
This reactivation of long-forgotten wallets demonstrates Bitcoin’s continuing value and promise, despite market changes and concerns.
However, it is not only the extremely old wallets that are generating news. Recent dormant wallets have also witnessed increased activity. In one notable case, a wallet that had been inactive for only five months managed to sell off 200 BTC, resulting in an amazing profit of more than $168 million.
This type of profit highlights Bitcoin’s potential as an asset that can generate life-changing profits even after a shorter period of dormancy. It also implies that certain investors are skilled at timing their re-entry into the market, capitalizing on favorable conditions to make large returns.
Meanwhile, BTC is currently trading around $63,520.54, indicating a strong bullish momentum with a 7.96% increase over the last seven days. The latest aim of $65,000 is key in confirming this bullish rally.
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