Bitcoin whale moves $85 million in BTC after 13-year dormancy
Summary
A Bitcoin wallet, dormant for over 13 years, transferred 909.38 BTC, valued at $84.6 million, on Monday. The wallet accumulated these coins between December 2012 and April 2013 when BTC prices ranged from $13 to $250. The ownership of the wallet and the destination address remains unknown. This event follows a trend where long-term holders, or 'whales,' have resurfaced during Bitcoin's recent rally to realize gains. At the time of the move, Bitcoin was trading around $92,531 following a brief market dip triggered by U.S.-EU trade tensions.
(Source:The Block)