Dormant Bitcoin Whale Transfers 600 BTC Worth $40.41 Million to Binance
According to Lookonchain (blockchain analytics platform), the wallet had been inactive for two years before the Bitcoin deposit to the crypto exchange Binance.
BTC
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Terms & Concepts
Bitcoin whale: A wallet or investor holding a large amount of Bitcoin that can draw market attention when funds move.
On-chain analytics: The analysis of public blockchain transactions to track wallet activity, fund flows, and market behavior.
Dormant wallet: A blockchain address that has shown little or no activity for an extended period before becoming active again.