បុរាណមួយ BTC អ address of the Satoshi era has returned and sold all his BTC. The whale sold all 514 BTC, which he had held since 2017, amassing a $10.6 million profit.
Dormant addresses are resurfacing
A dormant BTC address whale that has held 514 BTC since 2017 recently sold it all. The whale purchased the BTC when it was trading at $910 and has sold it for around $21,700, gaining a $10.5 million profit.
The BTC market has been recovering short-term from new demand from new investors wanting to generate money from the current price rise. Glassnode notes that the move will spark a new market cycle causing BTC to move away from the stipulated bear market. The analysts added that at the moment, long-term Bitcoin holders in their last phase of hodling coins are circulating capital to new buyers willing to acquire the BTC.
Another address, a dormant whale for 11 years, also recently cashed out on 412 bitcoins worth about $9.5 million. The address was lastly used in 2012 when BTC traded at $12.50. On the other hand, during the selling time, the price was $22,400.
Source: https://crypto.news/ancient-bitcoin-whale-sells-all-his-coins-amounting-to-10-6m-profit/