Bitcoin owner earned more than $ 82 million after 6 years of inactivity

According to the Arkham Intelligence analytical platform, on October 9, the cryptocurrency whale transferred 3000 BTC to two new addresses. Over the past 6 years, the value of bitcoins stored on the wallet 17TZNT8CBPzUPDfKTXC25RQHrW6M2q6k has increased to $ 82 million.

According to Arkham, the investor received 3,200 BTC from the address 1FRXg9JRPpbPJyN5bF1spinTVy5fjDPhUS 7 years ago. A year later, the wallet owner sold 205 BTC and kept the remaining coins until yesterday.

Online data shows that the whale sent the BTC to two different addresses. One wallet received 500 BTC and the other received the remaining 2,495 BTC, both of which were new and unmarked. Analysts believe that the activity of bitcoin whales that were inactive is a negative sign. This could mean that the owner will sell the coins they own in the near future. However, in some cases, investors simply move the BTC to other addresses and continue to follow them.

Since the beginning of 2023, more than 12,000 coins have come out of hibernation, some of them dating back to 2012−2013. Analysts at Glassnode have found that the probability of a BTC sale decreases significantly after 155 days. Moreover, the company’s recent report showed that the number of BTC held for a long time is growing by 100,000 per month.

Just a few days ago, we told you about a major cryptocurrency holder who suddenly lost 5, 000 BTC after 3 years of inactivity. And in early January, a bitcoin wallet that had not been active for almost four years moved about $ 250 million in cryptocurrency to another unknown BTC address. In February, the BTC wallet, which had been inactive for 11 years, withdrew 412.12 BTC, leaving only 0.11 BTC on the account. A similar situation occurred in April: a bitcoin address that had been inactive for 9 years suddenly came out of hibernation. The owner of the wallet made a number of small transactions and one large-scale transaction of 6071 BTC.