Mysterious Bitcoin Whale On The Move: Decade-Old Treasure Changes Hands

A mysterious Bitcoin (BTC) whale is on the move, abruptly shifting tens of millions of dollars worth of the crypto king, after holding onto it for more than a decade. 1,400 BTC Transfer! CryptoQuant CEO Ki Young Ju, citing fresh on-chain data, disclosed that over $36 million worth of 1,400 BTC, previously in a dormant state, has been sent to a Pay-to-Taproot (P2TR) address. The expert commented: 1,400 BTC that has been idle for 10 years was likely moved to a P2TR address for greater privacy. P2TR is a transaction type made possible with the 2021 Taproot soft-fork upgrade, which allows users to spend their BTC on more complex output paths and command sequences, enhancing privacy and flexibility. Since the beginning of 2023, many “old” Bitcoin wallets have awakened from years of inactivity for unknown reasons. Whales Awake! Meanwhile, in April, the whale monitoring service Whale Alert detected a wallet, […] The post Mysterious Bitcoin Whale On The Move: Decade-Old Treasure Changes Hands appeared first on COINTURK NEWS.