Bitcoin

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<p dir="ltr">Whale Alert, a popular X account that tracks notable transactions across various blockchains, has&nbsp;<a href="https://x.com/whale_alert/status/1809296484078174655" rel="noopener noreferrer nofollow">spotted</a> a Bitcoin address that was recently reactivated for the first time in more than 11 years.&nbsp;</p>
<p dir="ltr">Notably, the address, which contains $1.14 million worth of Bitcoin at current prices, sprung back to life after more than a decade of dormancy following the cryptocurrency's massive price crash.&nbsp;</p>
<p dir="ltr">According to CoinGecko&nbsp;<a href="https://www.coingecko.com/en/coins/bitcoin" rel="noopener noreferrer nofollow">data</a>, Bitcoin reached an intraday low of $53,898 before paring some losses.&nbsp;</p>
<h2 id="are-whales-selling-bitcoin">Are whales selling Bitcoin?&nbsp;</h2>
<p dir="ltr">The price of the largest cryptocurrency collapsed to the lowest level in five months on Friday due to the double-whammy of the infamous Mt. Gox exchange replaying crypto to creditors as well as U.S. and German governments going on a Bitcoin selling spree.&nbsp;</p>
<p dir="ltr">Of course, it is not clear whether the reactivation is somehow related to the severe price plunge.&nbsp;</p>
<p dir="ltr">That said, cryptocurrency analytic platform Lookonchain recently noted that whales were busy selling the leading cryptocurrency. In fact, just two whales have&nbsp;<a href="https://x.com/lookonchain/status/1809251182772416947" rel="noopener noreferrer nofollow">deposited</a> as much as $563 million worth of Bitcoin to the Binance exchange since June 27.&nbsp;</p>
<h2 id="other-satoshi-era-transfers">Other Satoshi-era transfers&nbsp;</h2>
<p dir="ltr">Several Bitcoin addresses that are older than 10 years have been activated during this month so far. On July 4, a Bitcoin address containing 199 BTC was activated after 12.4 years. On July 3, a dormant address with 43 BTC sprung back to life after three years. On July 2, an address with 33 BTC became active again for the first time since 2011.</p>
<p dir="ltr">Last month, an&nbsp;<a href="https://u.today/satoshi-era-miner-wallet-wakes-up-after-14-years" rel="noopener noreferrer nofollow">extremely rare</a> Bitcoin miner wallet from 2010 also came out of hibernation, puzzling the cryptocurrency community.&nbsp;&nbsp;</p>

Satoshi-Era Bitcoin Address Suddenly Activated Following BTC Price Crash

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