Dormant Bitcoin Whale Transfers 139 BTC After 12 Years

After 12 years, a dormant Bitcoin whale transfers 139 BTC

Bitcoin whale resurfaces after years of dormancy, transferring 139 BTC to new address. Purchased in 2011 for $2,250, the stash is now valued at around $3.5 million. Activity from ancient Bitcoin wallets on the rise, with 3,200 coins emerging since 2023. Concerns arise over potential market pressure if owners sell at a significant profit. However, some transfers may be for safekeeping. Analysts suggest lower chances of holders selling after 155 days, with 69% of Bitcoin addresses holding for over a year. Long-term Bitcoin retention increasing by 100,000 monthly. BTC bounces back to $27,450 after hitting $25,850 low.