🐋 Bitcoin $BTC Whale Alert: A 10-Year Dormancy Ends! 🚀

💰 A Bitcoin (BTC) address holding 1,701 BTC, worth $115.41 million, inactive since 2014, made a 50 BTC transaction on April 6.

🕰️ Legacy address, starting with '1,' identifiable as '1CLxm…1oeUZ,' spent 2,570 BTC in 2014.

💼 Received 4,272.29 BTC over its history, now valued at nearly $300 million.

📢 Whale Alert on X (formerly Twitter) noted the activity; data retrieved from mempool.space and TradingView.

🛠️ Foundry USA added the transaction to block height 837,959, with minimal fees.

🔁 Used a UTXO of 245.99 BTC to send 50 BTC to another legacy address '1PRRE…sGjRo.'

🔄 Received 195.98 BTC change in a modern SegWit address 'bc1qg…fxrk7,' suggesting a wallet update.

What Does It Mean for Bitcoin Investors?

📉 Investors should monitor this whale to avoid unexpected sell-offs.

🐳 Cryptocurrency whales can influence prices significantly.

❓ It's unclear if this is balance management or profit realization after 10 years.

📉 Dormant whale activity is a valuable market indicator, potentially signaling bearish sentiment. #BTCHalvingApril2024