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Dormant Bitcoin Wallet Holding 306 BTC Worth $35 Million Awakens After 12 Years

A long-inactive Bitcoin wallet containing 306 BTC, valued at approximately $35.16 million at current prices, has recorded its first activity in over 12.4 years.

Such reactivations from wallets dormant for a decade or more are considered relatively rare events within the Bitcoin market. Movements from these extreme long-term holders can significantly influence supply dynamics and trading conditions.

Historically, the activation of coins held untouched for such extended periods has sometimes preceded significant price movements or heightened market volatility. Analysts observe that these instances, while infrequent, often correlate with shifts in market sentiment and can act as signals watched by investors.

The large volume involved in this specific movement has the potential to immediately impact market liquidity and sentiment. Such events may reduce the available supply held by steadfast holders or represent profit-taking actions after extended periods of holding.

This reactivation underscores the ability of historically dormant Bitcoin to re-enter circulation, prompting observation among market participants regarding potential implications for future price trends and overall activity.

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