Bitcoin Whale Moves $52 Million in BTC After 13 Years
A Bitcoin address that had remained dormant since 2012 moved over $52 million worth of Bitcoin, transferring more than 80 BTC. This significant transaction, the first from the address in 13 years, is part of a trend where large Bitcoin holders, often referred to as whales, are making notable movements in their assets. Other notable transactions include a major whale transferring 670 BTC and another disposing of 3,000 BTC after holding them for a decade. The price of Bitcoin has seen fluctuations, recently dipping below $110,000 and falling nearly 12% from its all-time high of $124,128 from last month. Experts indicate that when whales activate their long-held assets, it may signal potential selling pressure in the market, affecting price stability. Bitcoin's recent price movements and the activities of large holders are closely monitored by investors and analysts alike, with predictions suggesting a likelihood of a fall to $105,000 as more traders engage with the market.
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