Out of the blue, a whale wallet that had been inactive for six years sprung to life early Friday, moving bitcoin {[BTC}} to Coinbase as the leading cryptocurrency faded the spike above $62,000.

The crypto wallet identified as 12EMDoUhaNCuWZeeT6ey61AkjKyzmjV2m3 deposited a substantial 1,000 BTC, valued at over $61 million, to Coinbase Pro, according to data tracked by Lookonchain and Arkham Intelligence. Notably, these coins were acquired six years ago for a mere $6.68 million. A whale is wallet that holds 1000 BTC or more.

This quarter, there has been a noticeable increase in the so-called dormant bitcoin wallets stirring into action by moving coins to exchanges. On Thursday, a wallet tied to a bitcoin miner woke up for the first time in 14 years and sent 50 BTC to Binance.

Analysts speculate that these dormant holders might be looking to cash out while prices hover near record highs or engage in speculative activities in the derivatives market.

The selling by long-term holders, coupled with faster liquidations by miners and the German government's divestment of coin holdings, has pushed prices lower by nearly 9% this month.

As of writing, bitcoin changed hands at $61,550, having failed to keep gains above the $62,000 mark at least four times since Tuesday, CoinDesk data show.

Price volatility may pick up later Friday following the release of the Fed's preferred inflation gauge, the core Personal Consumption Expenditures (PCE) price index for May. Per Bloomberg, economists expect no change in the PCE price index and a marginal 0.1% increase in the core PCE, leading to 2.6% annual advances in the headline and core figures.

A benign inflation print might strengthen the case for Fed rate cuts this year and put a floor under BTC, which, currently, looks set for a deeper slide toward $50,000, per some observers.

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。