Bitcoin

Gains

<h2 id="key-points">Key Points</h2> 
<ul> 
 <li>A Bitcoin whale wallet with 749 BTC worth over $53 million woke up after 21 years.</li> 
 <li>The whale made a BTC transfer today, as BTC saw over 6,400 price gains since 2012.</li> 
</ul> 
According to the latest reports from Lookonchain, a Bitcoin whale woke up after 12 years of inactivity to make a BTC transfer. 
On-chain data shows that today after Bitcoin’s price broke above $71,000, a whale holding 749 BTC worth more than $53 million, woke up after being dormant since 2012 to transfer 159 BTC worth over $11 million. 
The Bitcoin whale reportedly accumulated 749 BTC coins worth $8,151 in 2012, when the coin’s price was only $11. Trading above $71,000 today, BTC recorded a surge of over 6,400x. 
<figure style="width: 100%" class="wp-caption alignnone">
 <a href="https://x.com/lookonchain/status/1851168422295740864/photo/1" rel="nofollow" target="_blank"><img loading="lazy" decoding="async" src="https://pbs.twimg.com/media/GbCrUDUbQAAgUtJ?format=jpg&amp;name=4096x4096" alt="Lookonchain via X" width="2340" height="500" title="12-Year Dormant Bitcoin Whale Wakes Up to Over 6,400x Gains 15"></a>
 <figcaption class="wp-caption-text">
 Lookonchain via X
 </figcaption>
</figure> 
<h2 id="in-depth-details-of-the-btc-whale-s-transfers">In-Depth Details of the BTC Whale’s Transfers</h2> 
According to on-chain data posted by <a href="https://x.com/lookonchain/status/1851168422295740864" rel="nofollow" target="_blank">Lookonchain</a>, the Bitcoin whale accumulated its total amount of over 749 Bitcoins back in 2012. 
The whale bought 10 BTC worth over $110 on September 6, 2012, and the move was followed by another purchase of 190 BTC worth over $2,100 on the same day. The Bitcoin whale continued and purchased 200 BTC worth over $2,219 on September 7, and another 200 BTC worth over $2,200 the next day, on September 8. 
On September 9, the whale bought over 159 BTC worth over $1,700.&nbsp;On November 10 of the same year, the Bitcoin trader sold 10 BTC worth around $108. 
After all these moves, the whale stopped its activity until today, October 29, when it sent over 159 BTC worth over $11.3 million out of the wallet. 
Considering that when the trader made the transfers in 2012, BTC was trading at around $11, and today, the coin raced above $71,000, the whale woke up to gains of over 6,400x by simply holding its BTC coins. 
At the moment of writing this article, BTC is trading above $71,200, up by around 4% today. 
<figure id="attachment_52426" aria-describedby="caption-attachment-52426" style="width: 100%" class="wp-caption alignnone">
 <a href="https://crypto.ro/en/wp-content/uploads/2024/10/BTC_1D_graph_coinmarketcap-2024-10-29T140444.559.jpeg"><img loading="lazy" decoding="async" class="wp-image-52426 size-full" src="https://crypto.ro/en/wp-content/uploads/2024/10/BTC_1D_graph_coinmarketcap-2024-10-29T140444.559.jpeg" alt="BTC price in USD today" width="1200" height="800" title="12-Year Dormant Bitcoin Whale Wakes Up to Over 6,400x Gains 16" srcset="https://crypto.ro/en/wp-content/uploads/2024/10/BTC_1D_graph_coinmarketcap-2024-10-29T140444.559.jpeg 1200w, https://crypto.ro/en/wp-content/uploads/2024/10/BTC_1D_graph_coinmarketcap-2024-10-29T140444.559-300x200.jpeg 300w, https://crypto.ro/en/wp-content/uploads/2024/10/BTC_1D_graph_coinmarketcap-2024-10-29T140444.559-1024x683.jpeg 1024w, https://crypto.ro/en/wp-content/uploads/2024/10/BTC_1D_graph_coinmarketcap-2024-10-29T140444.559-768x512.jpeg 768w, https://crypto.ro/en/wp-content/uploads/2024/10/BTC_1D_graph_coinmarketcap-2024-10-29T140444.559-750x500.jpeg 750w, https://crypto.ro/en/wp-content/uploads/2024/10/BTC_1D_graph_coinmarketcap-2024-10-29T140444.559-1140x760.jpeg 1140w" sizes="(max-width: 1200px) 100vw, 1200px"></a>
 <figcaption id="caption-attachment-52426" class="wp-caption-text">
 BTC price in USD today
 </figcaption>
</figure> 
BTC is getting near its ATH of under $74,000, and the latest predictions claim that the coin <a href="https://crypto.ro/en/news/barrons-predicts-bitcoin-reaching-a-new-ath-ahead-of-2024-us-elections/">could reach</a> new heights ahead of the US elections scheduled for next week.

12-Year Dormant Bitcoin Whale Wakes Up to Over 6,400x Gains

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