Dormant Bitcoin Address Moves $84.6 Million After 13 Years

Dormant Bitcoin Address Moves $84.6 Million After 13 Years

A dormant Bitcoin whale reactivated after 13 years, moving 909 BTC and stirring market speculation over potential price impacts amid heightened investor attention.

BTC

Fact Check
The assessment is based on strong, consistent evidence from multiple relevant sources. A highly relevant social media post on X directly reports the event with specific figures that match the statement: a Bitcoin wallet dormant for 13.2 years moved 909 BTC valued at $84.6 million. This is corroborated by another highly relevant news article from the Securonix threat research feed, which also reports on a 13-year-old dormant address becoming active and importantly cites 'Whale Alert,' a well-known blockchain tracking service that monitors such large transactions. The authority of Bitcoin Magazine, a dedicated and long-standing publication in the crypto space, lends further credibility to the plausibility of such an event being reported. There is no conflicting evidence among the provided sources. The remaining sources were deemed irrelevant as they discuss topics like financial derivatives, crypto scams, or general corporate services, and offer no information about this specific transaction. The cumulative and consistent reporting across relevant sources makes the statement highly probable.
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Summary

A Bitcoin address dormant for 13 years moved 909.38 BTC worth approximately $84.62 million, according to blockchain intelligence platform Arkham. The coins, acquired when Bitcoin was priced below $7, have appreciated nearly 13,900 times. The reactivation of this long-time holder, commonly referred to as a ‘whale,’ has raised concerns about possible market volatility and investor sentiment shifts.

Terms & Concepts
  • Bitcoin Address: A unique identifier used to receive and send Bitcoin transactions on the blockchain.
  • BTC: The ticker symbol for Bitcoin, the world's first decentralized cryptocurrency.
  • Whale: A term used in cryptocurrency markets to describe individuals or entities that hold large amounts of a particular cryptocurrency, capable of influencing market prices.