Whale moves 1,260 BTC dormant for 10 years with 12,122% profit
- —1,260.78 BTC worth about $100.63 million was moved
- —The wallet was dormant for 10.2 years; coins were acquired at $652
- —Profit is estimated at $99.64 million, a gain of roughly 12,122%
- —The transaction was recorded in block 965770
Why it matters: Activation of old wallets could signal that holders are preparing to take profits, which weighs on the BTC price.
Source: ZyCrypto