Meanwhile, at the time of preparing and writing this post, the price of Bitcoin has declined and is trading below the level of $54,000.
The recent downward movement had an impact on some old wallets holding Bitcoin that had not moved for years, as they moved and their owner transferred $2.6 million worth of Bitcoin to the Binance platform.
This address is the Eden of Bitcoin in a time when Bitcoin could be mined using a personal computer only.
The “Whale Alert” platform indicated that the address was activated on July 2, after being dormant for more than 10 years.
As we indicated in the title, the recent activation of this old wallet coincided with the decline of Bitcoin below the level of $60,000.
After the recent drop in the price of Bitcoin below the important psychological level of $60,000, sentiment towards the market declined, and some people, like this wallet, decided to move, but it cannot be certain whether they sold what they had or just organized the papers.
