As a seasoned crypto investor with a decade-long journey in this volatile market, I’ve witnessed many intriguing patterns and events unfold. Today, I can’t help but feel a mix of excitement and trepidation as three legendary Bitcoin whales have awakened from their long slumber.
It has been revealed that three significant Bitcoin addresses, holding 130 BTC ($8.42 million), 25 BTC ($1.62 million), and 184 BTC ($11.92 million) respectively, have become active again after a prolonged period of inactivity exceeding ten years, as reported by Whale Alert.
The oldest is “1NidF,” which was first activated on Dec. 18, 2012. They bought 99 BTC, and then another 85 two weeks later. The cost at the time was $12,000. Now the profit of this whale is 99,354.5%, or $11.91 million.
An inactive Bitcoin address holding approximately 184 bitcoins (equivalent to around $11,922,550) has recently become active again after a long period of 11.6 years.
— Whale Alert (@whale_alert) July 16, 2024
It’s commonly held belief that recurring appearances signify a bearish trend. many traders think that previous investors are coming back to cash out their gains, particularly when those gains reach significant levels above 1000%.
As a long-term Bitcoin investor, I’ve noticed a growing trend among some members of the community to explore new storage solutions and wallet types. This shift could be driven by a variety of factors, including a desire for greater security or ease of use. Regardless of the reason, it’s an exciting time for those of us who believe in the potential of this revolutionary digital currency.
As a crypto investor, I’ve experienced my fair share of market fluctuations. Recently, the price of Bitcoin (BTC) hit an impressive high of $66,000 today. This was quite a turnaround, as it had dipped down to the mid $50,000s only a week prior. The overall sentiment was dismal during this dip, and fear, uncertainty, and doubt (FUD) were rampant. However, history has taught us that such periods often mark the market bottom before a significant price increase, or “pump,” follows.
As an analyst, I can tell you that the current price of Bitcoin is significantly lower than its record-breaking high of $74,000. However, given its recent trend, reaching that level once again is a distinct possibility.
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2024-07-17 15:44