
Bitcoin Dormant Wallets Wake Up, Moving Billions Amid Market Fluctuations
Arkham reports that a massive $8.6 billion Bitcoin transfer by a long-term whale likely resulted from a wallet upgrade rather than a sell-off, with some industry speculation about potential hacking, but no clear signs of selling activity. The transfer involved moving Bitcoin into new wallets, possibly for security improvements, and has sparked discussions about market implications and security concerns.
