Dormant Bitcoin Worth $2.1 Billion Moves After Five Years

On January 16, an unknown Bitcoin whale moved 49,866 BTC (approximately $2.1 billion), which had remained inactive for five to seven years. This was highlighted by CryptoQuant.

The movement of 49,866 old Bitcoins occurred.

“The average unit price of 5-7-year-old #Bitcoin is $6,672, which is a very low price to buy, and if you sell it now, you will realize a profit of about 640%.”
by @DanCoinInvestor

Link ?https://t.co/9aXMebC0g0

— CryptoQuant.com (@cryptoquant_com) January 17, 2024

The average purchase price of these coins is $6,672. If sold now, the realized profit would be approximately 640%, according to platform experts.

According to their data, the “old” bitcoins were not sent to an exchange.

“Recently, whales have often been seen quietly buying/selling, leaving as few traces as possible. However, in the short term, one should be cautious about the movement of bitcoins acquired at low price ranges,” warned CryptoQuant specialists.

In November 2023, 6,500 BTC that had not moved for six years were activated.

Earlier, market maker Wintermute recorded a 400% increase in over-the-counter crypto trading volume in the second half of 2023 compared to the first half.