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Bitcoin price is currently trading at $109,500, reflecting a 4% increase this week and a 2% rise intraday, despite the resurfacing of major dormant wallets. Recently, two wallets that had been inactive for over six years transferred a total of 8,000 BTC into a custody wallet controlled by Coinbase Prime.
Additionally, data from Glassnode revealed that over 80,000 BTC, untouched for five years or more, moved last Friday. The revival of these long-dormant coins has sparked speculation about a potential market dump as Bitcoin hovers near its all-time…
