Bitcoin’s Decade-Old Wallet Transfers $43.94M as BTC Hits $64K

• Dormant Bitcoin wallet moves $43.94M after 10 years.
• BTC nears $64K resistance as the market watches for a breakout.
• Technical indicators suggest BTC could face imminent correction.

In a financial maneuver, a Bitcoin wallet that had lain dormant for over a decade abruptly initiated a complete transfer of its holdings. The transaction, involving 687.33 Bitcoin (BTC), which is today valued at roughly $43.94 million, occurred merely 10 minutes ago. This sudden movement has ignited intense scrutiny and speculation among both market investors and cryptocurrency analysts.

A wallet that has been dormant for 10.3 years transferred all 687.33 $BTC($43.94M) out 10 mins ago.

The whale received 687.33 $BTC($630K at that time) on Jan 12, 2014, when the price was $917.

Address: 15WZNLACuvcDrrBL2btDErJggnaMQtHh5G pic.twitter.com/tEPqM0CrrK

— Lookonchain (@lookonchain) May 6, 2024

Lookonchain reports that this particular wallet received 687.33 BTC on January 12, 2014. At that juncture, Bitcoin’s monetary worth stood at a mere $917 per unit, rendering the total assets worth about $630,000—a figure vastly inferior to their present valuation. This sharp appreciation exempli…

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