This summary text is fully AI-generated and may therefore contain errors or be incomplete.
Bitcoin whales that have been dormant for over 10 years are starting to become active again, resembling the pattern seen during the 2021 bull run. These whales hold a significant amount of Bitcoin that has not been moved for a long time, leading to speculation within the community when they start to move their coins. Some of these dormant coins may have been lost or forgotten, while others may have been intentionally held off for the right selling opportunity. The recent uptrend in Bitcoin’s price, fueled by news of the emerging ETF, seems to be attracting these dormant whales to finally make their move. This activity is reminiscent of the 2021 bull run, where large amounts of dormant BTC stacks were activated. The latest transaction involved a 1,000 BTC stack that had been dormant for over 10 years and was owned by a retired miner. The price of Bitcoin is currently trading around $42,400, showing a 13% increase in the past week.