This Bitcoin Whale Has Been Active for the First Time in 10 Years! What Does This Mean?

  • An inactive address containing approximately 1500 Bitcoin was activated after 10 years. The transfer was detected on the blockchain.
  • According to data on the chain, the transaction took place on June 8, 2023 at 08:23 Turkish time.
  • According to the data, the amount of supply that has been inactive for the last 2 to 3 years has reached the highest level in 5 years, with 2,980,770.566 BTC.

A Bitcoin whale that has been inactive since 2013 has moved its Bitcoins to another wallet. Current on-chain data for Bitcoin!

This Bitcoin Whale Woke Up After 10 Years

Bitcoin (BTC) (36)

An inactive address containing approximately 1500 Bitcoin was activated after 10 years. The transfer was detected on the blockchain. According to data on the chain, the transaction took place on June 8, 2023 at 08:23 Turkish time.

Specifically, the whale transferred all 1,432.93 BTC to a new address. To facilitate this transaction, the whale paid a fee of 0.0010743 BTC or $28.38.

bitcoin-balina-transferi

According to the data, this Bitcoin whale is active for the first time since 2013. The last time it was active, it transferred 1,432.92 BTC to a wallet. Today, the whale moved all of this amount to another wallet.

The total value of the Bitcoin transferred by the whale is over $318 million. In 2013, when the whale was last active, the value of Bitcoins was close to $280,000.

Other Bitcoin Trends

At the macro level, inactive supply has been increasing since the beginning of this year. According to data from Glassnode, the amount of supply that has been active in the last 2 to 3 years has reached the highest level in 5 years, with 2,980,770.566 BTC, which justifies this situation.

son-2-3-yılda-aktif-olan-bitcoin-arzı

Total Bitcoin Supply Active in the Last 2-3 Years

Parallel to this, the number of addresses that are different from zero continues to increase. In fact, today’s figure of 47,543,668 has reached a new all-time high, indicating that market participants continue to add BTC to their wallets. In addition, the number of addresses with more than 0.1 coins recently peaked at 4,385,581.

It is also interesting to note that the market has managed to pass through the “fear” stage. On Thursday, the Bitcoin Fear and Greed Index showed a neutral level of 50, indicating this trend.

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Marisol Navaro
Marisol Navarohttps://en.coinotag.com/
Marisol Navaro is a young 21-year-old writer who is passionate about following in Satoshi's footsteps in the cryptocurrency industry. With a drive to learn and understand the latest trends and developments, Marisol provides fresh insights and perspectives on the world of cryptocurrency.
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