Dormant Bitcoin Wallet From 2017 Bull Run Moves $383 Million After Years

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A Bitcoin wallet that had been inactive since the 2017 market peak has suddenly transferred approximately $383 million worth of cryptocurrency. The funds were moved to a newly created address rather than being sent to a cryptocurrency exchange. This suggests the owner has not yet sold the holdings, as exchange deposits typically precede a sale. The movement of long-dormant wallets often draws attention in crypto markets as it can signal potential large sell-offs.

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