Bitcoin whales, or big investors holding large amounts of BTC, have recently started moving their holdings after years of inactivity. On July 20, two wallets from 2011 holding 10 BTC each moved their holdings to new locations. The next day, a wallet holding 5 BTC budged after 12 years of dormancy. Additionally, around $30.3 million worth of Bitcoin, or 1,037 BTC, moved from an old wallet that had not been active since 2012. Finally, on July 24, a wallet from 2010 moved 50 BTC, equivalent to $1.4 million. These long-dormant Bitcoin whales have proven to be more successful than short-term traders, as Bitcoin’s value has significantly increased over the past 10 years.
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