A dormant Bitcoin wallet, inactive for over a decade and holding approximately $8.7 billion worth of BTC, has suddenly shown activity, moving a significant portion of the funds. This has sparked widespread speculation and concern across the cryptocurrency market.
This event is likely to have a bearish effect on the market in the short term. The primary reason for this is the fear of a massive sell-off. If the owner of this wallet decides to liquidate a substantial amount of their holdings, it would significantly increase the supply of Bitcoin on the market, potentially leading to a sharp pri