Analysis Today TheBitTimes.com

A Bitcoin address inactive for over 3 years unexpectedly moved around $140 million worth of BTC earlier this week. Blockchain tracking firm PeckShieldAlert tweeted that the dormant wallet with over 5,000 BTC executed transfers to three addresses. Also read: HTX Recovers $8M in Stolen Funds, Offers 250 ETH Bounty The wallet’s original BTC deposit occurred in early 2020, when prices languished below $10,000. After three quiet years, the stash worth over $140 million at current valuations was suddenly put into play. #PeckShieldAlert A dormant $BTC address 1LH1dY…ztTz (which has been inactive for 3 years) has transferred ~5K $BTC (~$140M) to 3 addresses bc1q5rpq5wppf5tua2yd97nscp8gpz8fq0w740g22c 34aed6ryXt6ZCHv6k2WPiyy7ap5VbyHr8D… pic.twitter.com/kLj1SeEQSh — PeckShieldAlert (@PeckShieldAlert) October 8, 2023 Bitcoin dormant addresses are becoming active This is not the first instance of long-dormant Bitcoin fortunes shifting this year. In September,...

Bitcoin’s (BTC) brief recovery of the $30,000 mark after a major drop has sparked significant interest among market observers. During this period, key metrics such as whale transactions and weekly price volatility have surged, indicating potential market sentiment and activity shifts.  Whale transactions involving Bitcoin worth at least $1 million have witnessed a remarkable rise, per Santiment data. Prominent institutional investors or high-net-worth individuals generally initiate these transactions . Their trading activity can exert considerable influence on the market due to their substantial holdings. BTC price, whale transaction count and volatility – Aug. 2 | Source: Santiment From July 27 to August 1, the market observed a decrease in BTC whale transactions . However, amid the recent Bitcoin price recovery, the whale transaction count experienced reasonable spikes. You might also like: Bitcoin supply last active in over 5 years hits ATH despite whale ...