Bitcoin Price on Alert as Two Dormant Whales Move $11M After 10 Years
Arslan Butt is a professional live webinar speaker and derivatives (cryptocurrency, forex, commodities, and indices) analyst. He brings a broad range of skills to help beginners evaluate financial...
As the Bitcoin price hovers near $59,825, market attention intensifies, with two long-dormant wallets suddenly transferring a total of $11 million after a decade of inactivity.
The unexpected movements of these Bitcoin “whales” are sparking speculation about potential market impacts, just as Bitcoin approaches key support and resistance levels in a volatile trading environment.
Based on the blockchain monitoring and analytics platform Whale Alert, a wallet that had been idle for 10.6 years suddenly sprung alive on August 16 and transferred all 174 bitcoins, valued at 10,162,306 USD.
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