Dormant Bitcoin whales activate after 15 years, move millions in BTC
Bitcoin (BTC) dormant whales are ancient addresses that have remained inactive for an extended period, usually kept by long-term holders. Recently, five 15-year dormant whales activated to move nearly $16 million almost simultaneously, making waves in the cryptocurrency market. Overall, the five dormant whales moved 250 BTC originating from coinbase transactions dating from 2009 Bitcoin mining rewards. According to the Whale Alert on X, the nominal value sums up to $15.90 million on September 20. Five Bitcoin 15.6-year dormant whales activation. Source: Whale Alert / Finbold Who are the five 15-year dormant Bitcoin whales? This type of activity usually precedes sales, and traders can interpret them as a bearish signal. However, whales can re-activate for different reasons, including wallet management and security or privacy concerns. Picks for you ...