Bitcoin whale moved $43m in BTC for 1st time in 10 years

A
Bitcoin
whale
that
has
been
dormant
for
over 10 years moved
687
BTC
worth
$43
million.

According
to
Lookonchain
data,
the
whale
received
687.33
Bitcoins
(BTC)
on
Jan.
12,
2014,
valued
at
around
$630,000
at
the
time
when
BTC’s
price
was
$917.

A
decade
later,
the
value
of
Bitcoin
has
increased
almost
70
times,
based
on
the
current
price
at
which
the
user
sold
it
for
over
$42.7
million.

In
April,
large
investors,
who
control
at
least
0.1%
of
the
total
supply
of
Bitcoin,
purchased
19,760
BTC
for
a
total
of
$1.2
billion
at
an
average
purchase
price
of
$62,500.

The
funds
accumulation
at
these
addresses
often
preceded
an
increase
in
the
price
of
the
first
cryptocurrency.
Bitcoin
whales
purchased
assets
two
days
before
the

halving.

Additionally,
Santiment stated
that

Bitcoin
whales
have

accumulated
an
additional
266,000
BTC
since
the
start
of
2024
worth
$17.3
billion.

Asset
owners
with
balances
between
1,000
BTC
and
10,000
BTC
received
1.24%
of
the
total
supply
of
21
million
BTC
during
the
mentioned
period.