Bitcoin Whale Makes Over 500,000% Gains Resurfacing After 12 Dormant Years
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A dormant Bitcoin wallet from 2012, holding 1,000 BTC, has been activated, moving bitcoins worth over $60 million at current rates. Inactive since 2012, when the wallet's holdings were worth approximately $11,908, the transaction yielded the holder a gain of over 500,000%. The move was reported by Whale Alert. Amid Bitcoin's recent recovery to above $62,000, the movement has attracted significant attention, leading to mixed interpretations regarding its market impact. Some analysts view such large transactions as potential bearish indicators. IntoTheBlock data shows over 85% of current Bitcoin holders are sitting on unrealized profits.
Source: beincrypto.com ↗
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