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Reading: Another Bitcoin whale awakens and moves €7.1 million.
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Another Bitcoin whale awakens and moves €7.1 million.
Cryptodetective > Blog > News > Another Bitcoin whale awakens and moves €7.1 million.
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Another Bitcoin whale awakens and moves €7.1 million.

crypto
Last updated: 2023/04/25 at 5:57 AM
crypto Published April 25, 2023
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**Bitcoin Whale Sells After 10.5 Years: What It Means for the Market**

Bitcoin (BTC) has been on a surge in value over the past few months, with a lot of activity from whales. Despite the surge in value, many large investors seem to remain uncalm, as confirmed by new on-chain data. An old whale just woke up from its hibernation after 10.5 years, selling off 278 BTC. In this article, we’ll discuss the implications of this event and what it means for the market.

**Heading 1: Bitcoin Whale Sells Off After 10.5 Years**

The data from Whale Alert shows that an address that hasn’t sent any transactions for 10.5 years moved 278 BTC on Friday. Before these three transactions, the address contained 1,128 BTC, and now it has about 666 BTC left with another 184 BTC moved in a second set of transactions. Lookonchain discovered that the wallet address had sent up to 1,128 BTC between October 2012 and May 2013 when the price ranged from €8 to €100.

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**Outline**

– Introduction of the 10.5-year dormant wallet address
– The impact of the transactions on the current bitcoin market
– The value of the wallet address
– The implications of the transactions on the bitcoin market

**Heading 2: Whales sell and become less important**

The occurence of a whale selling off 278 BTC after hibernating for 10.5 years is not the only one that has occurred recently. Another whale also decided to send coins after years of dormancy. While whales continue to play a role in the market, data shows that increasingly they are losing their grip on the market.

**Outline**

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– The incidence of whales sending coins after years of hibernation
– Whales’ importance to bitcoin market
– The decreasing significance of whales
– The role of data in tracking whale activity

**Heading 3: Altcoins and the dominance of whales**

Before the surge of bitcoin, altcoins were dominated by whales. The majority of all ethereum (ETH) and dogecoin (DOGE) were concentrated in the hands of a small group of investors.

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**Outline**

– Overview of altcoins and their market situation
– Explanation of whales role in the altcoin market
– The dominance of whales in the altcoin market
– The effects of this phenomenon on the altcoin market

**Heading 4: Conclusions**

Despite the volatility of cryptocurrencies, Bitcoin’s recent surge in value shows no signs of slowing down. However, it remains to be seen what will happen to whale activity and whether they will play an important role in the market in the coming years. The sale of bitcoin by the 10.5-year dormant address only raises more questions than concrete answers.

**Outline**

– The volatility of cryptocurrencies
– The future of bitcoin and whale activity
– The importance of the market in future cryptocurrency developments
– The need for further research in the realm of cryptocurrency and whale activity

**Heading 5: The Role of Data in Tracking Market Movement**

In conclusion, data plays a significant role in tracking and analyzing the movement of cryptocurrencies like bitcoin. The recent sale of bitcoin by a 10.5-year dormant address, together with other whale activities, only highlights how data can provide clues to the future of cryptocurrencies.

**Outline**

– How data can help in tracking bitcoin movements
– Deciphering the significance of whale activity
– The relationship between data and cryptocurrency developments
– Conclusion on the importance of understanding data to comprehend market movement.

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