Markets· ★★★· neutral·

Dormant Bitcoin Wallet Holding 600 BTC Wakes Up After 14 Years as Price Hits $87,000

  • —Whale Alert flagged a wallet holding 600 BTC worth $51.15 million waking after 14.2 years
  • —Bitcoin reached $87,341 on Monday, its highest since January
  • —No indication the coins were sent to an exchange, so a sale is unconfirmed
  • —The move follows a 100 BTC wallet that woke last week after sitting idle since November 2011
Why it matters: Old wallet activations are often read as a possible sell signal, but without an exchange transfer the market impact remains limited.
#BTC
Source: ZyCrypto
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