Quote from: madnessteat on Today at 06:05:56 AM

Quote from: Alex077 on July 15, 2025, 10:01:48 AM

~ According to Nansen, there were seven transactions starting at 9:34 PM on Monday, with chunks ranging from 500 to 4,500 BTC. The final transfer of 3,160 BTC happened at 1:28 AM Tuesday — completely draining the wallet.

Onchain Lens summed it up: “This is the first time these coins have ever moved.”

The cryptocurrency market is very sensitive to the reactivation of wallets that have been inactive for a long time. In my opinion, the more old wallets are reactivated, the more cautious investors will be about investing in Bitcoin, as such wallets account for more than 10% of the total Bitcoin supply. And if they start to take profits at the same time, it could deal a serious blow to the cryptocurrency market, and Bitcoin could lose its reputation among cryptocurrency investors.

The news about it would end up getting into the ears of the people eventually, so I don't worry much about it.