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Dormant Bitcoin (BTC) Address Back to Life After 10,400% Gain

Dormant Bitcoin (BTC) Wallet Makes a Remarkable Comeback with 10,400% Profit

A long-dormant Bitcoin (BTC) address has recently made a comeback after laying inactive for over a decade. Whale Alert, a platform providing data insights, reported that the reactivated address contained 149 BTC, which was valued at $8,590,673 at the time.

The revival of dormant Bitcoin wallets has been observed in recent months, with each wallet having its own unique story behind its return. However, the massive gains accumulated during the dormancy period have played a significant role in motivating these comebacks.

In this particular case, the Bitcoin address experienced an outstanding gain of over 10,400%. When the wallet received the 149 BTC back in 2013, it had a value of $81,667. Now, with the valuation exceeding $8.5 million, the owner of this wallet has achieved one of the most substantial trading profits in the market.

Bitcoin has witnessed various milestones since 2013, including reaching its first major all-time high (ATH) above $17,000 in 2017, surpassing $69,000 in November 2021, and recently hitting $73,750. It seems that waiting for further price actions became too tempting for this whale, prompting their return.

Unlike other returning addresses, there have been no signs of funds transfer from this particular wallet. It remains uncertain when and where the owner will choose to liquidate their holdings. Nevertheless, there are numerous potential options within the expanding Bitcoin ecosystem, such as utilizing decentralized finance (DeFi) platforms and exploring opportunities in the growing derivatives market.

At the time of writing, the Bitcoin price has seen a 1.89% increase in the last 24 hours, reaching $58,681.74. This rise provides a substantial relief after a prolonged market downturn.