Sell-Off

A 15-year-old Bitcoin wallet containing 50 BTC mined in 2010 has suddenly been activated, sparking speculation about a potential sell-off. The move comes as miners increasingly sell their holdings due to rising operational costs and a declining Bitcoin price.

The cryptocurrency market is experiencing a severe downturn, with the total market cap dropping 7% and over $2 billion in long positions liquidated. While institutional selling continues, some analysts see hope in potential Federal Reserve rate cuts and global stimulus.