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According to the data on the chain, Bitcoin (BTC) wallet is inactive Created over a decade ago, over $1 million worth of Bitcoin has been transferred to an unknown address. This unexpected but large transaction comes at a time when Bitcoin price rises to more than $64,000.
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10-Year-Old Bitcoin Wallet Brought Back to Life
An old Bitcoin wallet created 10.7 years ago executed a large-scale Bitcoin transaction on August 19. Blockchain tracking and analytics system, Whale Alert, It has been revealed. On X (formerly Twitter) the address held 19 BTC, which was worth about $13,259 in 2013.
Bitcoin wallet that has been inactive for years, most likely due to strategic retentionnow boasting an astonishing gain of around 8844%, backed by the continuous and dramatic increase in the cryptocurrency’s price since 2013. Additionally, Wallet activation suddenly This comes as Bitcoin’s price rises above $64,000 after experiencing a major bearish phase.
At the current price of Bitcoin, the 19 BTC transferred by the decade-old wallet address is now worth over $1,185,944, representing a massive profit of $1,172,685. Transaction records also show that the anonymous sender transferred the BTC to an unknown address, incurring a fee of 0.000047 BTC.
Usually, when Satoshi Age Bitcoin Wallet A sudden resurgence of Bitcoin often signals the possibility of increased market activity. Dormant wallets that move large amounts of Bitcoin tend to impact market liquidity. Price movementMeanwhile, smaller Bitcoin transactions may attract the attention of the cryptocurrency community, sparking speculation.
Bitcoin Turns Bullish as Price Rises to $64,000
Over the past few months, the price of Bitcoin has struggled to recover to its previous level. March Highest Ever It reached a value of more than $ 73 thousand. The cryptocurrency witnessed a sudden rise Price collapse Continued volatility due to widespread market liquidation and shifts in investor sentiment.
After a long period of consolidation, Bitcoin has finally become Showing signs of an upward bounceCoinMarketCap data shows that the cryptocurrency has gained 5.33% in the last 24 hours, and is now trading at $64,311. Over the past week, Bitcoin has also seen an 8.6% increase, underscoring the cryptocurrency’s renewed strength and Potential for a major price rebound.
Many analysts are looking at the cryptocurrency Continuous rise in prices As a bullish signal, indicating a major reversal in prices from downward trends.
Popular cryptocurrency analyst Ali Martinez noted in X Post that Bitcoin bull and bear market indicator The cryptocurrency has been oscillating between bearish and bullish trends since early August. However, with the cryptocurrency making fresh price gains, the index has now returned to a bullish stance.
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Additionally, the cryptocurrency market expert was identified as “Milkybullcrypto”, Spotlight Bitcoin finally breaks the bullish price reversal pattern. Confirmed The monthly bullish flag for the cryptocurrency now has a price target of $100,719.
Featured image from CNBC, chart from TradingView
