Multi-billion Dollar HODL: Bitcoin Whales Awaken after 14 years

Summary

Bitcoin whales have resumed activity after 14 years, transferring billions in Bitcoin. A wallet identified as “12tLs” moved 10,000 BTC, valued over $1 billion, on Thursday, having acquired the coins in April 2011 when Bitcoin was priced at approximately $0.78. Two additional wallets, “bc1qm” and “1GcCK,” also transferred 10,000 BTC each after 14 years. These transactions reflect a more than 13 million percent increase in value. Whale transactions are monitored by traders as indicators of institutional demand and potential price movements. Concurrently, 255 companies now hold 3.47 million BTC, about 3.97% of total supply. The S&P 500 and Nasdaq reached new highs, with Bitcoin tracking equity performance. Analysts suggest Bitcoin could retest previous highs if it breaks current consolidation levels, though some predict price caps below $112,000 without new buyers or retail interest.

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