A dormant Bitcoin wallet from the early days of the cryptocurrency has been reactivated after nearly 12 years, with the whale seeing a staggering 500,772% profit. Bitcoin has faced significant market fluctuations in recent weeks, with a 5.5% price drop between Sept. 3 and 5 marking the latest downturn. While some analysts suggest this may signal the end of Bitcoin's 2024 bull market, others view the pullback as part of normal market behavior.

Meanwhile, dormant Bitcoin wallets from the early "Satoshi era" are being reactivated. As institutional outflows from Bitcoin ETFs continue and macroeconomic factors like U.S. employment data add to uncertainty, traders are adopting a cautious yet resilient stance. Dormant Bitcoin Whales Reawaken, Reaping Unprecedented Gains After Years of Inactivity.

According to Whale Alert, a blockchain tracker that monitors large crypto transactions, another significant wallet was reactivated this week after more than a decade of inactivity. The recently reactivated wallet contains 31 BTC, a relatively small amount by today's standards. However, when considering that this wallet had remained untouched for 11.9 years, the profit gained is nothing short of staggering.

Source: https://coinpaper.com/5316/dormant-bitcoin-whale-awakens-after-12-years-with-massive-profit

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