The number of long-dormant Bitcoin wallets becoming active once again is rising according to a crypto research group. According to those compiling the data, this could pave the way for large price moves. Other times during Bitcoin’s history where a large percentage or long-dormant wallets have “awakened” have corresponded with dramatic moves to the upside. However, since many of the wallets identified in the research hold massive amounts of Bitcoin, their owners could just as likely be preparing to sell.
Tag: Bitcoin Whales Awaken: What Does This Mean for BTC Price?