During the last seven days, bitcoin’s price has remained above the $16K region following the aftermath of FTX’s collapse. Since then, a number of ‘sleeping bitcoins’ that sat idle for five to nine years have been moving during the last four days. Bitcoins that were worth far less back then are being transferred for the first time in years.
$20M Worth of Old Bitcoins Move After Sitting Dormant for Years
Bitcoin’s (BTC) price has remained steady during the last seven days, ranging between $16,150 to $16,995 per unit, and a brief jump over the $17K zone. Over the last four days, while BTC prices are much lower than they were at the start of November, hundreds of old bitcoins have been on the move.
For instance, two owners spent 348 bitcoin on Nov. 29, 2022, and the stash was once worth $348,000. We can’t really tell whether or not the transferred coins were sold, but they were spent from addresses created almost six years ago. Heuristics also indicate that out of the 348 bitco
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