SuperRare narxRARE

A long-dormant Bitcoin wallet has suddenly woken up after eight years of inactivity. According to blockchain analytics firm Arkham Intelligence, the whale has moved over $250 million worth of Bitcoin. The transactions were executed within the last 16 hours and show that the value of the holdings has appreciated from approximately $3 million in early 2017 to over $250 million today. Before yesterday’s transfers, the wallet had maintained its Bitcoin ( BTC ) in a single address for more than eight years. $250M BITCOIN WHALE WAKES UP AFTER 8 YEARS A Bitcoin Whale that has held BTC since late 2016 has just moved over $250M in BTC last night. His Bitcoin stack went from $3M in early 2017 to over $250M today – and he’s held Bitcoin on one address for over 8 years. pic.twitter.com/RF1aewYVgy The transactions, visible on Arkham’s monitoring dashboard, show the funds moving between several wallets labeled as “250M BTC Whale” addresses. Specifically, the transactions took place in two batches about 14-16 hours ago, with each transfer involving approximately 3,000 BTC worth roughly $252 million per transfer. According to the transaction history, the Bitcoin was originally purchased around 2016, when BTC traded at approximately $1,000 or lower. Before these recent movements, the last transactions from these wallets occurred around 8 years ago, as shown by the timestamps in Arkham’s data—the early transactions from 2016 show the accumulation of Bitcoin when the cryptocurrency was less valuable. The awakening of dormant wallets from Bitcoin’s earlier years has become increasingly rare. These events offer a glimpse into the major wealth creation experienced by early adopters who maintained their holdings through multiple market cycles. While some long-term holders maintain their Bitcoin positions, industry experts are debating whether Bitcoin’s traditional four-year market cycle will be sustained into the future. Tomas Greif, Chief of Product & Strategy at Braiins, recently questioned the sustainability of these cycles: Is the 4-year bitcoin cycle dead? Early on, halvings had a major supply impact. But as the majority of BTC has been mined, their effect is shrinking. In a couple of halvings, they will have a negligible effect on supply. I once tried to trade the cycle theory and got rekt.… pic.twitter.com/Z1zOZhAKy2 “Is the 4-year bitcoin cycle dead? Early on, halvings had a major supply impact. But as the majority of BTC has been mined, their effect is shrinking. In a couple of halvings, they will have a negligible effect on supply,” Greif noted. He suggests that while historical patterns may continue as a “self-fulfilling prophecy,” the fundamental impact of halvings on Bitcoin’s supply disappears with each cycle. Greif emphasized that halvings will continue to affect Bitcoin mining economics regardless of market cycles.

7. So why is this happening? Simple, market breadth! In July 2024, an extremely rare thing happened 👇

Sustaining a perfect life is rare — there’s always a cost to achieving something, whether in career, relationships, or health. You might build a great career, but the price you pay is neglecting your relationships, leaving you alone with the ambitions and wealth you once

"When what is rare becomes needed, its value quietly climbs."

We’re at that rare point where liquidity retested its breakout and is surging higher… Right as the business cycle bottomed and reversed. Only the 3rd of these setups in the last 12 years. The other 2 propelled the crypto market to its steepest legs. Ignore the noise.