Markets· ★★★· bearish·

Wallet Moves 4,582 Bitcoin Bought Before 2020 Covid Crash, Now Worth $377 Million

  • —Wallet received 4,582 BTC in March 2020, then worth $40.8 million
  • —Coins sat dormant for six and a half years
  • —The 4,582 BTC are now worth about $377 million
  • —The move comes amid muted activity from long-term holders
Why it matters: The transfer of a large dormant position could signal preparation to sell and add pressure on bitcoin's price.
#BTC
Source: Google News (crypto query)
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