Whales Getting Active After 10.7 Years
Canva
This Sunday, two whales got active after more than a decade of inactivity sending waves to the crypto market.
According to latest findings by Lookonchain, these wallets which were inactive for precisely 10.7 years, have transferred their holdings of 1000 Bitcoin swiftly which values currently at a substantial amount of $60.9 million.
The aforementioned wallets, denoted as "16vRqA" and "1DUJuH," were first deposited with 500 BTC each back in September 2013, during a period when the value of one Bitcoin was $124.
The wallets have gained an extraordinary surge in value, fast forward today. It has a profit margin of 49,274.2%. In terms of money, this amounts to an incredible $60.8 million windfall, or $5.7 million in profit per year for the previous 11 years.
Within the crypto community, the sudden reactivation of these Bitcoin whales has ignited an intense speculation. Many analysts posit that such a move could signify a vital shift in market sentiment.
Whats more interesting that these whales haven't chosen to cash out through exchanges despite the significant gains but rather chosed to move their Bitcoin to undisclosed wallets.
In the past, the appearance of long-dormant Bitcoin holders has frequently been seen as a bearish indication, pointing to a possible sell-off to protect profits. But because of the unusual circumstances surrounding these antiquated wallets, the market is anxious to see what they will do next.
Follow @haveyoursay
x.com/itshaveyoursay
Posted Using InLeo Alpha
We fill see, they can also buy some other coins up , it not be good idea to pu all this in normal bank 😅😅👌👌🦊 i feel they just play, so market start move .
May be :)
Congratulations @haveyoursay! You have completed the following achievement on the Hive blockchain And have been rewarded with New badge(s)
Your next payout target is 3000 HP.
The unit is Hive Power equivalent because post and comment rewards can be split into HP and HBD
You can view your badges on your board and compare yourself to others in the Ranking
If you no longer want to receive notifications, reply to this comment with the word
STOPCheck out our last posts:
This is a very interesting observation with regard to very old wallets. There are groups whom are claiming that they can organize a crowd that will be able to steal Bitcoin by guessing the private key but as it turns out nobody is moving the SATS into mixers apparently. If somebody guessed the private key then that will be their next move and then make it seem that they stole the SATS. But from the looks of it, it was moved by a veteran whom was keeping his or her stash for longest time and then moving it cleverly but as if a veteran for the first time after almost 11 years of successfully securing the keys.