Dormant Bitcoin Wallet Moves $15M as Market Sees Record Liquidity
- A wallet inactive since November 26, 2012, moved a total of 132.03 BTC, valued at approximately $15 million.
- The wallet also transferred five BTC to the Kraken exchange and still holds about 308 BTC, valued at nearly $35 million.
- Originally purchased for $5,435 when Bitcoin was priced at $12.22 per coin, the wallet’s holdings have now appreciated to over $50 million.
- Spot ETFs recorded inflows of $757 million in a single day, indicating increased institutional interest.
- Binance reported its largest net stablecoin inflow of the year, exceeding $6 billion, with reserves nearing $40 billion.
The movement of dormant coins coincides with heightened market activity and liquidity, as evidenced by significant ETF inflows and record stablecoin reserves on exchanges like Binance. This activity underscores the influence of long-term holders on current market dynamics.
With Bitcoin trading above $116,000 and substantial institutional participation through ETFs, the reactivation of old wallets highlights both historical investment success and ongoing market interest. (Source)
