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Dormant Bitcoin Whale Moves $85M After 13 Years!
20 Jan
Summary
- A dormant Bitcoin wallet holding $85 million became active after 13 years.
- This whale moved 909 Bitcoin, initially acquired in 2013.
- Institutional crypto investment flows have turned positive, led by Bitcoin.
A significant Bitcoin whale wallet, inactive for over 13 years, has recently moved its entire holdings, valued at around $85 million. This wallet, which first received Bitcoin in 2013 when the cryptocurrency was worth a mere $7, transferred 909 BTC to a new address. Such movements from long-dormant accounts often unsettle traders due to the potential for large supply to enter the market.
This event occurs as broader market trends show improving institutional sentiment. After a period of withdrawals, crypto investment products, particularly Bitcoin, have recorded substantial net inflows. Bitcoin attracted approximately $1.55 billion, while Ethereum saw around $496 million in new investments. This renewed interest contrasts with the recent decline in smaller retail Bitcoin holdings.
Despite the whale's activity and continued downward pressure on Bitcoin's price below recent highs, some analysts observe early signs of stabilization. Indicators suggest Bitcoin may be defending key support levels, with potential for a rebound if current structures hold. The outlook remains cautiously optimistic as the market navigates these opposing forces of dormant whale movements and resurgent institutional investment.
