Bitcoin Price Prediction: Satoshi-Era Wallets Wake Up After 15 Years – What’s Going On?
Main Idea
Bitcoin price hovers near $115,295 as dormant Satoshi-era wallets from 2010 transfer 250 BTC ($29.6M) after 15.3 years, raising questions about supply-side pressure or profit-taking amid bearish market signals.
Key Points
1. Five dormant miner wallets from 2010 transferred 250 BTC ($29.6M) after 15.3 years of inactivity, originally mined when Bitcoin was worth $0.003 per coin.
2. July has seen multiple Satoshi-era wallets awaken, transferring thousands of BTC, though Bitcoin remains up 27% year-to-date.
3. Bitcoin's price shows bearish momentum, breaking below key support levels and forming a 'three black crows' candlestick pattern on the 4H chart.
4. Bitcoin Hyper ($HYPER), a Bitcoin-native Layer 2 project, has raised over $6M in its presale, aiming to merge Bitcoin's security with Solana's speed.
Description
Bitcoin price is currently hovering near $115,295, but beneath the surface, a rare on-chain event has captured investor attention. On Thursday, five dormant miner wallets from 2010 transferred 250 BTC, valued at nearly $29.6 million, after 15.3 years of inactivity, according to Arkham Intelligence. These wallets were part of Bitcoin’s earliest mining era, each receiving a 50 BTC reward when the asset was worth just $0.003 per coin. 5 dormant miner wallets wake up after 15 years! 250 #BTC ($29.6M...
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