This Dormant Bitcoin Wallet Holding $6.8 Million BTC Just Reactivated, Are They Selling?
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On July 4, a dormant Bitcoin wallet containing $6.8 million worth of Bitcoin became active for the first time in 12 years, transferring funds in two separate transactions. This move has sparked concerns about potential selling pressure on Bitcoin. The 119 BTC transferred is still untouched in a new address. At the same time, the German government and Mt. Gox are also contributing to Bitcoin's selling pressure, the former by transferring significant amounts to exchanges and the latter by beginning repayments to creditors. Bitcoin's price has dropped over 7% in the last 24 hours.
Source: www.newsbtc.com ↗
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