Two long-dormant Bitcoin wallets, inactive since 2011 and 2012, have reactivated, transferring a total of 2,000 BTC on December 5. The movement of these funds, which were sent to both modern and legacy addresses with low transaction fees, has sparked speculation within the crypto community. On-chain analysis indicates that the BTC was not moved to exchange hot wallets, suggesting a consolidation rather than an immediate sale.
This activity comes as Bitcoin's price remains below $90,000, prompting traders to watch for any further movements from these wallets. The reactivation of such old wallets often raises questions about the intentions behind the transfers, especially in a volatile market environment.
Dormant Satoshi-Era Bitcoin Wallets Move 2,000 BTC Amid Market Speculation
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