Bitcoin whales have reactivated after holding the world's first and largest cryptocurrency for 14 years, transferring billions of dollars in value.
A Bitcoin wallet named "12tLs" transferred over $1 billion worth of 10,000 BTC on Thursday after holding the assets for 14 years.
According to blockchain data shared in a post by Lookonchain on the X platform on Friday, this mysterious whale initially received 10,000 BTC on April 3, 2011, when the trading price of Bitcoin was about $0.78 each.
Hours later, two other whale addresses—“bc1qm” and “1GcCK”—also awakened after 14 years, each transferring 10,000 BTC, as per BitInfoCharts data.
TradingView data shows that the whale held its BTC for 14 years, achieving over 13 million percent growth.
Some cryptocurrency traders monitor whale trading patterns as indicators of institutional Bitcoin demand and short-term price trends, as the volume of capital transferred can impact the market.
Cointelegraph reported on June 23 that these transfers align with a recent trend of long-term holders cashing out. About two weeks ago, another savvy investor realized nearly $30 million in profits after holding their Bitcoin reserves since 2013, achieving a 496-fold return.
While some early investors are taking profits, others continue to accumulate Bitcoin.
Data from BitcoinTreasuries.NET shows that at least 255 companies currently hold a total of 3.47 million BTC on their balance sheets—approximately 3.97% of the total supply—an increase from 124 companies a few weeks ago.
Meanwhile, the S&P 500 and Nasdaq indices reached all-time highs on Thursday, as the U.S. employment report exceeded expectations, boosting investor confidence in the U.S. economy.
“Bitcoin closely follows stock market performance and is poised to follow the stock market to new highs,” said Ruslan Lienkha, market director at Cyprus-based crypto fintech company YouHodler, to Cointelegraph, adding, “If it decisively breaks out of the current consolidation range, BTC may retest and surpass its previous all-time high in the short term.”
Cointelegraph reported on Thursday (July 3) that some analysts predict Bitcoin prices will remain below $112,000 in the absence of new buyers and retail interest.
Related: U.S. Senator Cynthia Lummis drafts independent crypto tax legislation
Original article: “Multi-Billion Dollar Hodl: Bitcoin (BTC) Whales Awaken After 14 Years”
免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。
