Massive Sale May Come in Bitcoin: Woke Up with Huge Profit After 6 Years!

A giant wallet that has remained inactive for about 6 years and contains a total of 6,000 Bitcoin (BTC) transferred all of its BTC assets worth approximately $649 million in a single transaction today.

A rare activity occurred in the cryptocurrency sector. According to data reported by Lookonchain, a Bitcoin wallet that had not made any transactions for exactly 6 years withdrew its 6,000 BTC in one go. This amount corresponds to approximately $649 million at the current price, and it was revealed that the wallet's first BTC entry took place on July 25, 2019.

At the time of its first Bitcoin investment, the BTC price was at $9,796, and the total value of the investment was approximately $58.77 million. After the transfer that occurred today, this investment has gained nearly 11 times its value.

The reactivation of such large and long-inactive wallets is often interpreted as a harbinger of significant movements in the markets. However, it remains unclear whether the transfer was made to an exchange or a different wallet. Analysts are also considering the possibility that this transaction could bring sudden selling pressure to the market.