A Bitcoin wallet containing 500 BTC, valued at approximately $31.3 million, was reactivated after 12.7 years of inactivity. These dormant wallet movements exceeded 935 BTC on August 3rd, marking the highest daily level since March. Another dormant whale moved 16,400 BTC worth roughly $1.04 billion after seven months of inactivity. The transfers coincided with concerns about a suspected Coldcard exploit, although no direct evidence links these movements to the exploit. Exchange reserves remain near 2.7 million BTC, weakening fears of broad distribution.
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