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12-Year-Old Whale Awakens: Moves 909 BTC at a Cost of Only Dozens of Dollars
【BitPush】A Bitcoin whale that has been dormant for 12 years has just become active.
According to on-chain data tracking, this old wallet, which started accumulating coins in late 2012 to early 2013, has recently awakened. In just the past 6 hours, it transferred a total of 909.38 BTC, which is approximately $84.62 million at current prices.
Interestingly, the cost basis of this Bitcoin is extremely low. When this wallet accumulated these coins back then, the price of Bitcoin was still hovering between $50 and $100. From then until now, this asset has appreciated by over a thousand times.
The movements of such long-term holders often attract market attention. After experiencing long cycles of bear and bull markets, any action by these long-term accumulators may signal something about the market—either profit-taking before a top or a new strategic layout for the future.