Long-Dormant Bitcoin Whales Resuming Activity Could Rock Price Action, Analysts Say

Cointelegraph

Published Jan 11, 2019 11:00PM ET

Updated Jan 12, 2019 12:01AM ET

Long-Dormant Bitcoin Whales Resuming Activity Could Rock Price Action, Analysts Say

The number of active Bitcoin (BTC) wallets, many of which have long been dormant, has seen an uptick that could herald some major market movements, Bloomberg reports Jan. 11.

Bloomberg bases its report on data and analysis from crypto analytics startup Flipside Crypto, which sealed the backing of major crypto exchange Coinbase and veteran crypto venture capital firm Digital Currency Group (DCG) back in November.

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