~ 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.