Deep Tide TechFlow news: On July 17, according to CoinDesk, a wallet that has been dormant since the Bitcoin price peak in December 2017 has recently moved 5,908 BTC; based on current prices, it is worth approximately $383 million. On-chain data shows that the wallet originally purchased these assets when Bitcoin was trading at around $16,000.



The transfer’s target address is a newly created private wallet, not a cryptocurrency exchange, indicating that there is currently no direct sell pressure. Alex Thorn, Head of Research at Galaxy Digital, said that as the recent peak of old-coin migration activity passes, the activity level of such dormant wallets in 2026 is expected to be lower than in 2025.
BTC-1.23%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned