Ancient Bitcoin Whale Awakens After 10 Years of Dormancy: Details from U.Today

According to recent on-chain data, a cryptocurrency wallet that has remained inactive for over a decade has recently been reactivated.

Blockchain data tracker Whale Alert reported that a previously dormant address with 150 BTC (approximately $9.8 million) has come back to life after 10.5 years.

This incident is part of a broader trend, as more ancient Bitcoin wallets have been reawakening in recent weeks, generating curiosity and speculation within the cryptocurrency community. Dormant wallets, particularly those holding substantial amounts of Bitcoin, are often associated with early adopters or miners who acquired BTC when it was valued at only a fraction of its current price.

While the owner of the wallet remains anonymous, the reactivation of such dormant addresses often leads to various theories. Some speculate that these long-term holders may be cashing out, preparing to sell, or transferring their assets to more secure locations in response to market fluctuations.

The uptick in activity from dormant wallets underscores the significant gains that early Bitcoin holders have realized: sums that were once modest have transformed into considerable wealth. As more old wallet owners become active, their movements are likely to be closely observed in the coming days.

### Bitcoin Price Movement
As of the latest data, Bitcoin has seen an increase of 0.48% in the past 24 hours, bringing its price to $65,806. The cryptocurrency reached a peak of $66,550 on Friday, marking its highest level since early August.

Bitcoin is up 56% in 2024, buoyed by increased investments in U.S. Bitcoin exchange-traded funds, although it still lags behind the record high of $73,798 reached in March. This month, BTC has climbed nearly 11.31%, contrasting with an average decline of 5.9% typically seen in September over the last decade.

The leading cryptocurrency by market capitalization is on track for one of its most successful Septembers, aided by a global wave of interest rate cuts, primarily from the U.S. Federal Reserve, which is helping the coin break a historical seasonal slump.