Recently, several dormant Bitcoin addresses have been reactivated, causing concern among cryptocurrency enthusiasts.
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Addresses inactive for over a decade. One particular wallet holds 43 BTC, now valued at approximately $25,000.
In mid-October, Bitcoin prices surged significantly, especially after a substantial influx into spot Bitcoin ETFs, reaching an all-time high (ATH) of over $60,000. Since then, Bitcoin’s price has seen some adjustments, currently trading slightly above $50,000.
In October 16th, two long-dormant Bitcoin whale addresses “1vRqA” and “500DUJuH” became active again. They each held X BTC and went inactive within a day.
Read more:
Has the Bitcoin bull market ended? – Insights from CryptoQuant analysts
Similarly, an old Bitcoin address inactive for five and a half years reappeared in early August, transferring 535 BTC (valued at approximately $X million at the time) to Binance exchange.
