Dormant Bitcoin Whale Moves 26.96 BTC Worth $1.75M After 12 Years

BitcoinWorld Dormant Bitcoin Whale Moves 26.96 BTC Worth $1.75M After 12 Years A Bitcoin wallet that had remained inactive for over 12 years has suddenly transferred 26.96 BTC, worth approximately $1.75 million, according to data from Galaxy Research.

The move has drawn attention from analysts, as wallets holding Bitcoin for such extended periods are often linked to early miners or long-term investors.

What Happened The transaction was flagged by Galaxy Research’s on-chain monitoring system, which tracks movements from wallets that have been dormant for extended periods.

The wallet in question received the 26.96 BTC in 2013, when the price of Bitcoin was just a fraction of its current value. At the time of receipt, the holding was worth only a few thousand dollars.