PakGazette – According to Blockchain data tracker Whale Alert, an inactive address containing 357 BTC, currently valued at almost $34,070,177, has been activated after 11 years of inactivity.
Inactive addresses, especially those containing substantial amounts of Bitcoin, often attract attention as they may be linked to early Bitcoin adopters. The reasons behind such long periods of inactivity can vary, from forgotten wallets to asset hoarding.
Given Bitcoin’s meteoric price rise this year, the holder might believe that current market conditions are favorable for selling or making further investments. The holder may be moving funds for security reasons or may have simply rediscovered the wallet keys. Having said all this, the exact reason for the awakening is unknown.
Bitcoin changed hands at $94,673 at press time as its momentum slowed after hitting a record high of $108,316 on December 17. The largest cryptocurrency is flirting with a decline in December, marking its first monthly loss since September.
Despite this, expectations about cryptocurrency prices remain in the last days of December. According to Santiment, although trading volume is low, if whales continue their strong accumulation trend, the lack of retail participation may lead to at least one last unexpected big surge in 2024, while retail pays little attention.
Bitcoin predictions for 2025
Galaxy Research recently issued some predictions for 2025, including those for Bitcoin and the cryptocurrency market.
Galaxy predicts that Bitcoin will cross $150,000 in the first half and reach or exceed $185,000 in the fourth quarter of 2025. It believes that a combination of institutional, corporate and national government adoption could propel Bitcoin to unprecedented heights by 2025. Throughout its life, Bitcoin has appreciated faster than any other asset class, particularly the S&P 500 and gold, and this trend is expected to continue in 2025. Bitcoin is also expected to reach 20% of gold’s market capitalization.
Galaxy also predicts that Bitcoin will 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 in terms of risk-adjusted returns compared to a basket of stocks. . fixed income securities, indices and commodities.
