Capitulation or profit-taking? Bitcoin whale moves 32K BTC dormant since 2018
What is "usually" an OTC transaction signals change is afoot among 2018 bear market buyers, says Whalemap. Bitcoin (BTC) worth over $600 million moved for the first time since the last bear market on Oct. 18, analysis has revealed.In a Twitter thread, monitoring resource Whalemap flagged a transaction involving 32,000 BTC.Buyer could be "willing to acquire" 32,000 BTC at $19,000In the latest sign that current spot price is affecting the behavior of even longer-term holders, a whale entity who purchased BTC near the pit of the last bear market appears to have sold.According to Whalemap,....
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On-chain data shows a Bitcoin whale has recently transferred around 500 BTC that had been previously dormant for around 5 to 7 years. Bitcoin Spent Output Age Bands Show Spike In 5-7 Years Old Coins As pointed out by an analyst in a CryptoQuant post, this movement of 500 BTC has come following the 5k […]
Bitcoin is getting livelier at current six-week highs, data shows, as profit-taking comes back into the spotlight. Bitcoin (BTC) asleep for up to a decade is waking up this week as BTC price action sees six-week highs.Data from on-chain analytics firm Glassnode shows some of the oldest “dormant” bitcoins returning to circulation.BTC trends out of hibernationAs BTC/USD stages something of a comeback in the second half of October, hodlers are changing their behavior after a year-long bear market.According to Glassnode, the number of bitcoins previous stationary in their wallet for 7-10 years....
The crypto market has now seen a much-needed recovery after weeks of flat market prices. Most digital assets in the space are currently in the green and Ethereum is no different. The second-largest cryptocurrency by market cap is up by more than 14% in the last 24 hours, plunging more investors into profit. Just like everyone else, a dormant whale has roused from their sleep to benefit from the current market recovery. Ethereum Whale Wakes Up Through the recovery that has rocked the crypto market, none has been more interesting than the ETH whale that has roused after more than 6 years of....
Recent events have seen the Bitcoin market show fresh vitality; the price of the coin exceeds $63,000. This spike coincides with a slew of noteworthy occurrences that both experts and investors have noticed. Related Reading: Ethereum Seen Hitting $5,000 as German Bitcoin Sell-off Shakes Market Dormant Wallet Turns Into Action The turning on of a long-dormant Bitcoin wallet is among the most interesting events. Known as “1 EhXAfST,” the wallet had been dormant for almost 12 years until abruptly sending 1,000 BTC—worth about $60 million—to two new wallets. Given the....
On-chain data shows a Bitcoin whale has moved a 3.7k BTC stack that had previously been sitting idle since 10 years ago. Bitcoin Whale Suddenly Transfers Coins Sitting Idle Since 2012 As pointed out by an analyst in a CryptoQuant post, these coins moved by the OG whale had been sitting still since the crypto’s […]