{"id":648967,"date":"2024-10-21T02:00:15","date_gmt":"2024-10-21T02:00:15","guid":{"rendered":"https:\/\/shenyangcang.com\/?p=648967"},"modified":"2024-10-20T12:51:07","modified_gmt":"2024-10-20T12:51:07","slug":"long-silent-bitcoin-whale-resurfaces-after-10-years-as-btc-nears-69000","status":"publish","type":"post","link":"https:\/\/shenyangcang.com\/news\/long-silent-bitcoin-whale-resurfaces-after-10-years-as-btc-nears-69000\/","title":{"rendered":"Long-Silent Bitcoin Whale Resurfaces After 10 Years As BTC Price Soars"},"content":{"rendered":"

Crypto whales’ wallets have been the subject of attention and sometimes obsession since they carry a vast holding of Bitcoin<\/a>, and their movement can affect market prices and impact volatility. Today, many websites and social media users track these wallets and their most recent transactions.<\/p>\n

Related Reading: 100% Uptick For Shiba Inu? Experts Eye Global Reversal As Catalyst<\/a><\/div>\n

Last October 19th, 2024, at 5:45 am, Whale Alert shared that a dormant BTC address with 25 Bitcoins valued at $1,711,020 was activated after more than 10 years of inactivity. The wallet\u2019s re-activation comes at an exciting time when Bitcoin\u2019s price briefly hits $69k.<\/p>\n

Dormant Bitcoin Address Boasts 25 BTC<\/strong><\/h2>\n

According to Whale Alert,<\/a> the BTC wallet held 25 BTC, which was valued at $1.71 million. This wallet has been inactive since 2013 when Bitcoin\u2019s value hovered between $100 and $266. It was an exciting and tumultuous year for Bitcoin, as its price dropped to $50 before recovering to $100. With Bitcoin\u2019s value at less than $1,000, the wallet\u2019s owner holds a sizable stash after the coin\u2019s meteoric rise in the last few years.<\/p>\n

\n

\ud83d\udca4 A dormant address containing 25 #BTC<\/a> (1,711,020 USD) has just been activated after 10.8 years!https:\/\/t.co\/jb4vDe7CLO<\/a><\/p>\n

\u2014 Whale Alert (@whale_alert) October 18, 2024<\/a><\/p><\/blockquote>\n

The whale\u2019s reactivation of the wallet comes when Bitcoin\u2019s price hit $69,000.<\/a> This isn\u2019t the first time that BTC flirted with this level. If we can remember, Bitcoin rallied to over $70,000 in July, setting up a crypto frenzy in the industry.<\/p>\n

Bitcoin is now trading at $68,393. Chart: TradingView<\/a><\/figcaption><\/figure>\n

While Bitcoin failed to sustain its $69k price, it remains solid, staying within the $68k to $69k level in the last few days. Speculators and industry watchers also expect BTC to hit the $70k level soon, backed by the increasing demand for crypto. Bitcoin traded at the $70k level on June 12th.<\/p>\n

\"\"
Bitcoin price in the green zone in the last 24 hours. Source: Coingecko<\/a><\/figcaption><\/figure>\n

BTC Pulls Back<\/strong><\/h2>\n

This week, Bitcoin failed to sustain its momentum and has slightly dipped to $68,399 after hitting a high of $68,689. According to Bloomberg, BTC investors have added over $1.8 billion this week to spot Bitcoin ETFs.<\/p>\n

Related Reading: Could Bitcoin Break $100,000? Analysts Predict 6-Figure Milestone<\/a><\/div>\n

The US Securities and Exchange Commission (SEC) gave the go-signal to BTC ETFs<\/a>, which led to a frenzy of buying and inflows. Demand outpaced supply thanks to the SEC\u2019s approval, boosting the coin\u2019s price to over $73,797. Then, there was a pullback in early August, with the price falling by 30% before starting another rally.<\/p>\n

The expanding crypto business relies on Bitcoin and crypto whales. They own a lot of crypto, and the media follows them. The behaviors of BTC whales, which Whale Alert tracks, often cause a stir.<\/p>\n

Featured image from Pexels, chart from TradingView<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Crypto whales’ wallets have been the subject of attention and sometimes obsession since they carry a vast holding of Bitcoin, and their movement can affect market prices and impact volatility. Today, many websites and social media users track these wallets and their most recent transactions. Related Reading: 100% Uptick For Shiba Inu? Experts Eye Global Reversal As Catalyst Last October 19th, 2024, at 5:45 am, Whale Alert shared that a dormant BTC address with 25 Bitcoins valued at $1,711,020 was activated after more than 10 years of inactivity. The wallet\u2019s re-activation comes at an exciting time when Bitcoin\u2019s price briefly hits $69k. Dormant Bitcoin Address Boasts 25 BTC According to Whale Alert, the BTC wallet held 25 BTC, which was valued at $1.71 million. This wallet has been inactive since 2013 when Bitcoin\u2019s value hovered between $100 and $266. It was an exciting and tumultuous year for Bitcoin, as its price dropped to $50 before recovering to $100. With Bitcoin\u2019s value at less than $1,000, the wallet\u2019s owner holds a sizable stash after the coin\u2019s meteoric rise in the last few years. \ud83d\udca4 A dormant address containing 25 #BTC (1,711,020 USD) has just been activated after 10.8 years!https:\/\/t.co\/jb4vDe7CLO \u2014 Whale Alert (@whale_alert) October 18, 2024 The whale\u2019s reactivation of the wallet comes when Bitcoin\u2019s price hit $69,000. This isn\u2019t the first time that BTC flirted with this level. If we can remember, Bitcoin rallied to over $70,000 in July, setting up a crypto frenzy in the industry. While Bitcoin failed to sustain its $69k price, it remains solid, staying within the $68k to $69k level in the last few days. Speculators and industry watchers also expect BTC to hit the $70k level soon, backed by the increasing demand for crypto. Bitcoin traded at the $70k level on June 12th. BTC Pulls Back This week, Bitcoin failed to sustain its momentum and has slightly dipped to $68,399 after hitting a high of $68,689. According to Bloomberg, BTC investors have added over $1.8 billion this week to spot Bitcoin ETFs. Related Reading: Could Bitcoin Break $100,000? Analysts Predict 6-Figure Milestone The US Securities and Exchange Commission (SEC) gave the go-signal to BTC ETFs, which led to a frenzy of buying and inflows. Demand outpaced supply thanks to the SEC\u2019s approval, boosting the coin\u2019s price to over $73,797. Then, there was a pullback in early August, with the price falling by 30% before starting another rally. The expanding crypto business relies on Bitcoin and crypto whales. They own a lot of crypto, and the media follows them. The behaviors of BTC whales, which Whale Alert tracks, often cause a stir. Featured image from Pexels, chart from TradingView<\/p>\n","protected":false},"author":557,"featured_media":648985,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[428,1119,1144,6664,14781],"class_list":["post-648967","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-btc","tag-btcusd","tag-crypto","tag-whales"],"acf":[],"yoast_head":"\nLong-Silent Bitcoin Whale Resurfaces After 10 Years As BTC Nears $69,000<\/title>\n<meta name=\"description\" content=\"Crypto whales' wallets have been the subject of attention and sometimes obsession since they carry a vast holding of Bitcoin, and their movement can\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats \u2013 a testament to his dedication to his furry companions (more on that later). Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley! So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin\u2019 helps him analyze and write meticulously formatted articles even better. Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies. Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects. So, the next time you tread into the world of cryptocurrency, remember the man behind the words \u2013 the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.","sameAs":["jomarjet01"],"url":"https:\/\/shenyangcang.com\/author\/jomarjet01\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Long-Silent Bitcoin Whale Resurfaces After 10 Years As BTC Price Soars","url":"http:\/\/shenyangcang.com\/news\/long-silent-bitcoin-whale-resurfaces-after-10-years-as-btc-nears-69000\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/shenyangcang.com\/news\/long-silent-bitcoin-whale-resurfaces-after-10-years-as-btc-nears-69000\/"},"thumbnailUrl":"https:\/\/shenyangcang.com\/wp-content\/uploads\/2024\/10\/a_c973ab.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/shenyangcang.com\/wp-content\/uploads\/2024\/10\/a_c973ab.jpg?fit=1125%2C750"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Christian Encila"}],"creator":["Christian Encila"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/shenyangcang.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["bitcoin","btc","btcusd","crypto","whales"],"dateCreated":"2024-10-21T02:00:15Z","datePublished":"2024-10-21T02:00:15Z","dateModified":"2024-10-21T02:00:15Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Long-Silent Bitcoin Whale Resurfaces After 10 Years As BTC Price Soars\",\"url\":\"http:\\\/\\\/shenyangcang.com\\\/news\\\/long-silent-bitcoin-whale-resurfaces-after-10-years-as-btc-nears-69000\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/shenyangcang.com\\\/news\\\/long-silent-bitcoin-whale-resurfaces-after-10-years-as-btc-nears-69000\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/shenyangcang.com\\\/wp-content\\\/uploads\\\/2024\\\/10\\\/a_c973ab.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/shenyangcang.com\\\/wp-content\\\/uploads\\\/2024\\\/10\\\/a_c973ab.jpg?fit=1125%2C750\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Christian Encila\"}],\"creator\":[\"Christian Encila\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/shenyangcang.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"bitcoin\",\"btc\",\"btcusd\",\"crypto\",\"whales\"],\"dateCreated\":\"2024-10-21T02:00:15Z\",\"datePublished\":\"2024-10-21T02:00:15Z\",\"dateModified\":\"2024-10-21T02:00:15Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/shenyangcang.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/shenyangcang.com\/wp-content\/uploads\/2024\/10\/a_c973ab.jpg?fit=1125%2C750","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/shenyangcang.com\/wp-json\/wp\/v2\/posts\/648967"}],"collection":[{"href":"https:\/\/shenyangcang.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/shenyangcang.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/shenyangcang.com\/wp-json\/wp\/v2\/users\/557"}],"replies":[{"embeddable":true,"href":"https:\/\/shenyangcang.com\/wp-json\/wp\/v2\/comments?post=648967"}],"version-history":[{"count":6,"href":"https:\/\/shenyangcang.com\/wp-json\/wp\/v2\/posts\/648967\/revisions"}],"predecessor-version":[{"id":648990,"href":"https:\/\/shenyangcang.com\/wp-json\/wp\/v2\/posts\/648967\/revisions\/648990"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/shenyangcang.com\/wp-json\/wp\/v2\/media\/648985"}],"wp:attachment":[{"href":"https:\/\/shenyangcang.com\/wp-json\/wp\/v2\/media?parent=648967"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/shenyangcang.com\/wp-json\/wp\/v2\/categories?post=648967"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/shenyangcang.com\/wp-json\/wp\/v2\/tags?post=648967"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}