Bitcoin

when

Giant

The world's largest cryptocurrency, Bitcoin, surged as the election results were seen as a sure bet for Donald Trump, with the price exceeding $71,000.
While this rise was happening, the BTC whale, which had been sleeping for about 12 years, woke up and transferred 159 BTC.
According to Lookonchain's post, a whale address that had been holding 749 BTC ($53.22 million) for 12 years woke up and transferred 159 BTC.
This whale first started accumulating Bitcoin in 2012 when the price was just $11 and amassed 749 BTC (worth $8,151 at the time).
<blockquote>
 “After the Bitcoin price surpassed $71,000, a whale holding 749 BTC ($53.23 million) woke up from a 12-year sleep and transferred 159 BTC ($11.32 million)!
 The whale accumulated 749 BTC ($8,151 at the time) in 2012 when the price was just $11.”
</blockquote>
There are various reasons why a Bitcoin whale that has not traded for years may become active again, but generally speaking, taking action after a long period of time is interpreted as a sale.
However, it seems possible that it is preparing for an action other than a sale, such as reinvestment.
https://x.com/lookonchain/status/1851168422295740864
*This is not investment advice.
 Continue Reading: <a href="https://en.bitcoinsistemi.com/bitcoin-exceeds-71000-the-giant-whale-that-has-been-sleeping-for-12-years-has-awoken-he-paid-a-funny-figure-for-749-btc-years-ago-here-is-his-first-transaction-and-his-current-fortune/" rel="noopener noreferrer nofollow">Bitcoin Exceeds $71,000, The Giant Whale That Has Been Sleeping For 12 Years Has Awoken: He Paid a Funny Figure for 749 BTC Years Ago, Here Is His First Transaction and His Current Fortune!</a>

Bitcoin Exceeds $71,000, The Giant Whale That Has Been Sleeping For 12 Years Has Awoken: He Paid a Funny Figure for 749 BTC Years Ago, Here ...

Bitcoin Sistemi EN

Other articles published on Oct 29, 2024

Chainlink and Major Market Players Launch AI-Powered Initiative to Tackle Unstructured Data in Fi...

Dogecoin (DOGE) Price Soars 15% Daily, But is a Correction Coming?

“Truth Terminal” Turns $50k into $3.9M Trading Solana Memecoins, Becomes First AI Millionaire

Bitcoin Crosses $71,000: A New Momentum Towards New Heights?

Gold-Backed Stablecoins by World Gold Council Ignite XRP Value Debate

Do Betting Odds Know Best?

Join our free newsletter for daily crypto updates!