Dormant 306 BTC Wallet Worth $35M Reactivated After 12.4 Years, Reports Mars Finance
Main Idea
A Bitcoin wallet holding 306 BTC, valued at approximately $35 million, was reactivated after 12.4 years of dormancy, marking a rare movement from a long-term holder that could impact market dynamics.
Key Points
1. 306 BTC wallet reactivated after 12.4 years of inactivity, worth $35.16 million at current Bitcoin prices.
2. Long-term holder activity like this is rare and can influence Bitcoin's supply dynamics, potentially reducing available supply or indicating profit-taking.
3. Historically, movements from wallets dormant for over 10 years have preceded significant price actions or increased market volatility.
4. Analysts note that such events are infrequent but impactful, often followed by trend reversals or heightened market activity.
5. Large movements from dormant wallets can immediately influence market sentiment and liquidity, drawing attention from investors.
Description
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