A Bitcoin wallet, inactive for over 10 years, containing 25 BTC, valued at $1.71 million, was reactivated as Bitcoin's price approached $69k. This occurrence highlights the significant influence of crypto whales on market price and volatility.
The sudden activity in this wallet captured attention as it emerged at a time when Bitcoin was experiencing high price levels, reminiscent of its rally over $70,000 in July.
While Bitcoin didn't maintain the $69k peak, it remained within $68k-$69k. Observers anticipate BTC reaching $70k soon due to heightened demand following US SEC's green light to spot Bitcoin ETFs.
This resurgence emphasizes the continued impact of crypto whales in the market, as such whale activities are closely tracked by analysts and media, underscoring cryptocurrency's volatile nature.
