From $13,700 to $148 million: Bitcoin whale moves 2,100 BTC untouched for over 13 years
Summary
On Friday morning, a Bitcoin wallet moved 2,100 BTC ($147.7 million) that had remained untouched for over 13 years, according to onchain data. The transfer consolidated multiple UTXOs into a new output at the same address, with a small amount sent to a secondary address. The address initially received the BTC on July 4, 2012, when it was worth approximately $13,685. With Bitcoin currently trading around $70,500, the value has increased over 10,000 times. This movement is part of a larger trend of increased activity from older Bitcoin wallets, including recent sales by Galaxy Digital and other long-term holders, potentially for estate planning or portfolio diversification.
(Source:The Block)