A Bitcoin wallet from the Satoshi era, dormant for 14 years, has resurfaced, making headlines for turning early BTC holdings into a staggering $180 million. The wallet, holding 2,000 BTC, emerged as Bitcoin hit new highs, reigniting interest in long-term holding strategies, often referred to as “HODLing.”
Massive Deposits on Major Exchanges
The crypto whale’s holdings, mined when Bitcoin was nearly worthless, were deposited across three major exchanges. Spot On Chain, a blockchain analytics platform, revealed the breakdown:
- 1,038.87 BTC worth $92.93M to Coinbase
- 591.46 BTC worth $52M to BitFlyer
- 369.66 BTC worth $33.04M to Bitstamp
Bitcoin Bulls Drive Market Greed
Bitcoin’s recent surge to $93,434.36—its all-time high just three days ago—has fueled extreme market enthusiasm. Analysts attribute this rally partly to renewed interest from dormant wallets and long-term investors seizing profit opportunities.
$100K BTC on the Horizon?
Currently trading at $91,246.67, Bitcoin’s price continues to climb, with predictions of crossing $100,000 before November’s end. This rally is being driven by bullish sentiment, increased adoption, and heightened trading activity.
As BTC gains momentum, long-term holders like this crypto whale exemplify the rewards of patience in the volatile world of cryptocurrency.
