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On October 9, COINOTAG highlighted a significant event in the cryptocurrency realm, as Whale Alert reported the activation of a dormant Bitcoin address after an impressive span of 13.7 years. This address, which had remained inactive for over a decade, suddenly came back to life, revealing a substantial balance of 121 BTC, equivalent to approximately $7.526 million at current market prices. Notably, these Bitcoins held a mere value of $126 back in 2011, illustrating the drastic price evolution within the digital asset space. Such dormant accounts may indicate long-term holders who are now re-engaging with their investments, a trend that could influence market dynamics. As Bitcoin continues to garner attention, this resurfacing emphasizes the importance of tracking wallet activity as integral to understanding crypto market trends.
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