Dormant Bitcoin Wallet From 2011 Transfers $3.2M to FalconX-Linked Address

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A Bitcoin wallet that had been inactive since 2011 recently moved 50 BTC, worth approximately $3.2 million, to an address linked to crypto prime broker FalconX. The funds were still sitting in the receiving address as of Friday, with no further movement recorded. The destination wallet has previously sent funds to FalconX-labeled deposit addresses, raising questions about the transfer's intent. Analysts are uncertain whether the long-dormant holdings are being reorganized internally or positioned closer to a trading venue for potential liquidation.

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