As Bitcoin continues to reach unprecedented heights, a wallet dormant for over a decade has sprung to life.
Revival of Wallet After 13 Years
According to Lookonchain, a Bitcoin wallet inactive for 13 years has made a significant move. The wallet held 426.3 BTC, valued today at $36.62 million. The owner transferred 42.3 BTC, worth about $3.67 million.
Bitcoin Market Movement
Following substantial rallies, Bitcoin faced a mild pullback but went on the offensive earlier today, surpassing $90,000 and peaking at $92,000. Its weekly performance is notable, with 22% gains.
Expert Analysis and Forecasts
QCP Capital notes Bitcoin's entry into a new phase, increasingly held as a treasury asset by corporations, governments, and institutions. Analyst Rekt Capital predicts Bitcoin's bull run could peak in October 2025.
These developments indicate a growing interest in Bitcoin as a strategic asset, potentially leading to further increase in its value.
