A bitcoin wallet dormant since the 2017 peak just moved $383 million
CoinDesk·
60-second summary
A bitcoin wallet dormant since the 2017 peak has just moved $383 million to a fresh address, indicating a significant transfer of funds. The coins have not been deposited into an exchange, suggesting that the owner may be holding onto them for future sale. This movement has sparked market speculation about potential price implications.
The coins went to a fresh address rather than an exchange, so nothing has been sold yet.