A Bitcoin address containing 357 BTC has been activated after 11 years, attracting attention from investors and analysts.
Unexpected Wallet Awakening
According to Blockchain data tracker Whale Alert, a previously dormant Bitcoin address containing 357 BTC, valued at approximately $34 million USD, has been activated after more than a decade of inactivity. Such addresses often grab attention as they may be linked to early Bitcoin adopters. The reasons for such prolonged inactivity are varied, ranging from forgotten wallets to intentional hodling of assets.
Current Bitcoin Market Situation
As of press time, Bitcoin changed hands at $94,673 after reaching a record high of $108,316 on December 17. Expectations for December are a potential drop, making it the first monthly loss since September. Nevertheless, analysts suggest that if whales continue their accumulation trend, an unexpected surge could occur while retail attention is low.
Predictions for 2025
Galaxy Research has released predictions for 2025, forecasting that Bitcoin will cross $150,000 in the first half and may hit $185,000 by the year's end. Institutional, corporate, and government adoption is expected to drive Bitcoin to new heights. Predictions indicate Bitcoin will reach 20% of gold's market capitalization and remain one of the best-performing global assets in terms of risk-adjusted returns in 2025.
The activation of old Bitcoin wallets continues to intrigue the community, while anticipated market changes may significantly influence its future development.
