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On July 4th, Whale Alert reported the reactivation of a long-dormant Bitcoin whale, marking a significant event in the cryptocurrency market. This particular whale, inactive for over 14 years, has now activated its eighth address holding ten thousand BTC each, cumulatively moving at least 80,009 BTC. Such activity from a major holder often signals shifts in market dynamics, attracting attention from institutional investors and analysts. The movement of large Bitcoin quantities by whales can impact liquidity and price volatility, underscoring the importance of monitoring these transactions for market insights. This development highlights the ongoing relevance of on-chain analysis in understanding Bitcoin’s supply distribution and potential market behavior.
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