Dormant Bitcoin (BTC) Address Revived After 10,400% Gain

After 10.6 years of inactivity, another Bitcoin (BTC) address has come back to life in the cryptocurrency ecosystem. According to insights from Whale Alert, this particular Bitcoin wallet contained 149 BTC, valued at approximately $8,590,673 at the time of its reactivation.

### Right Time to Make a Comeback

In recent months, several dormant Bitcoin wallets have reemerged. While each wallet has its own reasons for awakening, the significant gains accrued during their inactivity have been a major catalyst for this revival. The wallet in question saw an impressive overall gain of more than 10,400%. When it initially received the 149 BTC back in 2013, its value was about $81,667. With the current valuation exceeding $8.5 million, this whale has realized one of the largest trading profits in the market today.

From 2013 up to the point of this wallet’s exit from dormancy, Bitcoin has marked a series of milestones, including its first significant all-time high (ATH) surpassing $17,000 in 2017, and reaching over $69,000 in November 2021. Recently, it peaked at $73,750, making the wait for the whale seem increasingly arduous.

### Joining a New Bitcoin Era

What sets this Bitcoin address apart from many others that have rejoined the ecosystem is the absence of any signs indicating a transfer of funds. It remains uncertain when or if this whale will liquidate its holdings. If they do choose to move the funds, they have a plethora of options, thanks to the remarkable evolution of the Bitcoin ecosystem over the years. With the advent of DeFi on Bitcoin and Ordinals Inscription, there are compelling reasons for a delayed sell-off to be beneficial in the long run.

At the time of this writing, the Bitcoin price has increased by 1.89% over the last 24 hours, currently sitting at $58,681.74—a welcome rebound following a significant downturn.