Bitcoin Investors from 2011 Began Moving Their Assets, Here's the Profit

Bitcoin investors from 2011 began moving their assets, which is evident from the activity observed in a Bitcoin (BTC) wallet this week. The wallet, which had been dormant for a significant period, transferred large amounts of Bitcoin once again.

According to a report by crypto tracker Lookonchain, the address initially received 426.3 BTC on July 29, 2011, when the price of BTC was only 13.49 US dollars per coin, making the total value around 5,753 US dollars (90.9 million Rupiah).

On Tuesday, November 12, the owner of the wallet moved 42.3 BTC, which is valued at nearly 3.7 million US dollars (58.5 billion Rupiah) with a price per BTC of 87,242 US dollars (1.37 billion Rupiah). Based on the data from BitInfoCharts, the owner of the bitcoin wallet experienced an extraordinary profit of 646,616%. Notably, the wallet still contains 384 BTC, which is currently valued at nearly 34.7 million US dollars (548.26 billion Rupiah).

This phenomenon of old Bitcoin wallets becoming active again is not limited to this single address. Another crypto tracker, Whale Alert, identified several other old wallets that have become active once more.

- A previously inactive Bitcoin wallet address for over 10 years moved 1 BTC, while still holding 24 BTC received since 2014.

- Another wallet moved all 20 BTCs that have been held since 2013.

- A fourth address diverts all 67 BTCs that he has held since 2013.

BTC Price Prints New Record Again

Bitcoin prices continued to soar, hitting new peaks at 93,477 US dollars (1.47 billion Rupiah) on Wednesday. At the time of writing, BTC was trading at 89,831 US dollars (1.42 billion Rupiah), showing an increase of nearly 2.5% in the last 24 hours and 19.5% in the past week.

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