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According to Blockchain Data Tracker Whale alerta dormant Bitcoin address containing 357 BTC, currently worth around $34,070,177 USD, has been activated after 11 years of inactivity.
Inactive addresses, especially those containing large amounts of Bitcoinoften attract attention because they may be associated with early Bitcoin users. The reasons behind these long periods of inactivity can vary, ranging from forgetting portfolios or holding assets.
Due to the meteoric rise in Bitcoin price This year, the owner may believe that current market conditions are favorable for sale or further investment. It is possible that the owner transferred the funds for security reasons or simply rediscovered the wallet keys. After all, the exact reason for this awakening is still unknown.
Bitcoin was trading at $94,673 as of press time, with its momentum slowing after reaching a record high of $108,316 on December 17. The largest cryptocurrency is headed lower for the month of December, recording its first monthly loss since September.
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Despite this, expectations remain in the final days of December for cryptocurrency prices. According to Santiment, despite the decline in trading volume, if the whales continue their strong accumulation trend, the lack of retail participation could lead to an unexpected last big pump at least in 2024 while retail pays little attention.
Bitcoin predictions for 2025
Galaxy Research recently released some predictions for 2025 including those for Bitcoin and the cryptocurrency market.
Galaxy expects Bitcoin to surpass $150,000 in the first half and reach or exceed $185,000 in the fourth quarter of 2025. It believes a combination of institutional, corporate and national government adoption could boost Bitcoin to unprecedented levels by 2025. Throughout its lifetime, Bitcoin has risen in value faster than any other asset class, especially the S&P 500 and gold, and this trend is expected to continue in 2025. It is also expected Bitcoin will reach 20% of the market value of gold.
Galaxy also expects Bitcoin to be among the best-performing global assets in terms of risk-adjusted returns in 2025. This year, Bitcoin ranked as the third best-performing asset on a risk-adjusted basis when compared to a basket of fixed-income stocks, securities, indices and commodities.
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