Crypto
Dormant Bitcoin Wallet Awakens After 12 Years, Stirs Market
A dormant Bitcoin wallet has awakened after 12 years, causing a significant movement of funds in the cryptocurrency market.
The wallet, which had been inactive for over a decade, shifted millions of dollars worth of BTC on August 10, 2026. The price of Bitcoin sits at $64,033.48, testing lower Bollinger support at $64,173.56.
According to technical analysis, the EMA50 resistance is at $64,517.52, while the EMA200 is at $63,773.98, defining a bearish structure in the market. The MACD death cross at -21.49 reinforces downside pressure, and the RSI at 37.08 leaves room for further weakness.