{"id":547688,"date":"2023-08-17T14:40:01","date_gmt":"2023-08-17T14:40:01","guid":{"rendered":"https:\/\/ktsl888.com\/?p=547688"},"modified":"2024-06-11T08:12:46","modified_gmt":"2024-06-11T08:12:46","slug":"bitcoin-wallet-1005-btc-awakens","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/bitcoin-wallet-1005-btc-awakens\/","title":{"rendered":"Dormant Bitcoin Wallet With 1,005 BTC Awakens, Sell Pressure Incoming?"},"content":{"rendered":"
An anonymous Bitcoin wallet holding 1,005 BTC recently woke up after 13 years of dormancy. This dormant wallet was one of the earliest Bitcoin wallets created, having received its first 1,000 BTC transaction in November 2010, just a little over a year after the Bitcoin mainnet launched.\u00a0<\/span><\/p>\n During this time of Bitcoin’s humble beginnings, its price never even broke above $0.20. However, the recent reactivation of this wallet has sparked speculation of whether a massive sell-off of the coins could be incoming.<\/span><\/p>\n \ud83d\udca4 \ud83d\udca4 \ud83d\udca4 A dormant address containing 1,005 #BTC<\/a> (29,750,772 USD) has just been activated after 12.8 years!https:\/\/t.co\/rLkpUZUvfH<\/a><\/p>\n \u2014 Whale Alert (@whale_alert) August 14, 2023<\/a><\/p><\/blockquote>\n Reactivation of old and dormant wallets containing massive amounts like this often sparks speculation about who controls them, especially as dormant wallets get reactivated from time to time.\u00a0<\/span><\/p>\n 2023, in particular, has <\/span>witnessed a high number<\/span><\/a> of these Bitcoin wallets coming back to life. According to the Spent Output Age Bands (SOAB) indicator, the number of bitcoins that are between 7 and 10 years old has demonstrated an exceptionally significant increase in the most recent months.\u00a0<\/span><\/p>\n Using the SOAB indicator, investors are able to determine the age of Bitcoins currently available on the market as the lifespan of bitcoins is broken down into distinct ages.\u00a0<\/span><\/p>\n Kirill Kretov, a developer who specializes in the creation of automated trading programs, believes that the reactivation may have been carried out by the same entity.<\/span><\/p>\n Considering its age, some Bitcoin investors also suggest this wallet might belong to Satoshi Nakamoto himself. However, this case would be very unlikely, as nobody knows who the Bitcoin creator actually is.\u00a0<\/span><\/p>\n <\/p>\n\n
Cold Storage Just Turned Hot<\/h2>\n
BTC price falls to $28,500 | Source: BTCUSD on Tradingview.com<\/a><\/pre>\n
Bitcoin Selling Pressure Incoming?<\/h2>\n