U.Today – According to Blockchain data tracker Whale Alert, an inactive address containing 357 BTC, currently valued at nearly $34,070,177, has been activated after 11 years of inactivity.
Inactive addresses, especially those holding significant amounts of Bitcoin, often attract attention because they may be associated with early adopters of Bitcoin. The reasons behind such long periods of inactivity can vary, ranging from forgotten wallets or holding onto assets.
Given the meteoric rise in the price of Bitcoin this year, a holder may believe that current market conditions are favorable for selling or further investing. The owner may potentially be moving funds for security reasons or simply rediscovered the wallet keys. Despite all that, the exact reason for the awakening remains 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, posting its first monthly loss since September.
Despite this, expectations remain in the final days of December for cryptocurrency prices. According to Santimento, while trading volume is low, if the whales continue their strong accumulation trend, the lack of retail participation could lead to at least one last big unexpected pump in 2024 while retail is not paying much attention.
Bitcoin Predictions for 2025
Galaxy Research recently released some predictions for 2025 including those for Bitcoin and the cryptocurrency market.
Galaxy predicts that Bitcoin will surpass $150,000 in the first half of the year and reach or exceed $185,000 in the fourth quarter of 2025. It believes that a combination of institutional, corporate and government adoption could propel Bitcoin to unprecedented heights by 2025. Over its lifetime, Bitcoin has grown faster than any other asset class, particularly the S&P 500 and gold, and this trend is expected to continue in In 2025, Bitcoin is also expected to reach 20% of the market capitalization of gold.
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 on a risk-adjusted basis compared to a basket of stocks, fixed income, indices and commodities.
