The crypto market has recently observed a significant **transaction** involving a dormant wallet, which had remained silent for **2.5 years**. On February 28, data from **Onchain Lens** revealed that this wallet made a notable deposit of **200 BTC** into **Binance**, valued at approximately **$16.38 million**. This resurgence in activity raises questions about potential market implications and investor strategies surrounding such movements.
Historically, this address had interacted with **Binance** previously, executing a withdrawal of funds on August 10, 2022, when the Bitcoin price sat at an average of **$22,872**. The total amount withdrawn during that transaction was around **$4.57 million**. With the current landscape of cryptocurrencies, these actions are closely monitored by investors and analysts, as they may indicate shifts in market sentiment or strategic positioning by holders of significant Bitcoin assets.
Source: https://en.coinotag.com/breakingnews/200-btc-transfer-from-dormant-address-sparks-interest-on-binance-what-this-means-for-bitcoin/