Bitcoin Whale moves 10-year-old Bitcoin stash – Cryptopolitan
Investors have been keeping a close eye on holders of long-dormant cryptocurrency wallets, known as “Bitcoin whales,” in recent months. These large addresses, which have not been touched for years, have been coming to life and moving significant amounts of Bitcoin. However, a new movement that has attracted market interest is the recent Bitcoin cache kilusan of about $7 million into three wallets. According to research by the Bank for International Settlements, Bitcoin whales are among the most successful crypto investors, typically holding onto their assets for years at a time. In contrast, retail investors who buy and sell frequently often lose out. This trend seems to be continuing, as data from blockchain firm Arkham Intelligence showed that over 53% of all Bitcoins ever minted had not been moved in over two years as of February 2022. The recent movement of long-dormant Bitcoin whales has caught the attention of investors and analysts alike. In February, an old Bitcoin address that had been untouched for 11 years moved $9.6 million worth of the cryptocurrency, which had appreciated by 120,000,000% over the years. Such moves can be significant, as they indicate that these whales may be preparing to sell their assets or move them