Quiet Bitcoin Whales, Sitting On A Windfall, Spring Back To Activity — Price Retrace Imminent?

Bitcoin (CRYPTO: BTC) investors were suddenly waking up after years of dormancy to move around their stash as the leading cryptocurrency gathers upward momentum toward all-time highs.

What Happened: On-chain analytics firm Whale Alert reported that a Bitcoin address, dormant for roughly 11 years, transferred 21.87 BTC to another address Sunday overnight.

The stash was worth $16,252 when it last moved in 2013, Whale Alert added. As of this writing, the total value of the holdings was around $1.5 million, indicating a massive 9159% return.

💤 A dormant address containing 21 #BTC (1,516,136 USD) has just been activated after 10.9 years (worth 16,252 USD in 2013)!https://t.co/nraQNaK8Ho

— Whale Alert (@whale_alert) October 21, 2024

Similarly, a Satoshi-era whale …

Full story available on Benzinga.com

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