"Large movement of long-dormant Bitcoin…Possible impact from Coinbase wallet reorganization"
Suehyeon Lee
Summary
- A large amount of Bitcoin that had been inactive for a long time has recently reactivated.
- Cryptoasset (cryptocurrency) analyst Ali Martinez said he detected signs that Bitcoins that had been dormant for years moved in succession.
- Martinez assessed that these movements are highly likely related to Coinbase's internal wallet restructuring.
A large amount of Bitcoin (BTC) that had been inactive for a long time has recently reactivated, drawing market attention.
On the 24th (local time), according to cryptoasset (cryptocurrency) analyst Ali Martinez, signs have been detected that Bitcoins that had been dormant for years moved in succession.
Regarding this, Martinez assessed, "It is highly likely to be related to Coinbase's internal wallet restructuring (migration)."
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.![[Market] Bitcoin falls below $82,000...$320 million liquidated over the past hour](https://media.bloomingbit.io/PROD/news/93660260-0bc7-402a-bf2a-b4a42b9388aa.webp?w=250)
