A Whale/Institutional Investor Dormant Wallet Accumulated 51,431 ETH over 2 Years, with Unrealized Gains of Over 20x
BlockBeats News, July 12th, According to ChainInfo, in the past half hour, a batch of ETH (51,431 ETH, worth $152 million) that had not moved for 2 years was consolidated from multiple addresses to one wallet.
These ETH can be traced back to the period from the second half of 2019 to early 2020 when they were mostly accumulated, with an average price of around $150. The current price has increased 20 times compared to that time.
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US-Iran Ceasefire Triggers Oil Plunge, Bitcoin Surge, and Gold Rally
Despite the sharp rally, caution is warranted. The $70,000–$72,000 zone has historically been strong resistance. The ceasefire is only temporary (two weeks), and any breakdown in negotiations could trigger a sell-off toward the $62,000–$65,000 support zone. For now, Bitcoin needs to close decisively above $72,500 to confirm a true breakout; failure to do so within 48–72 hours could lead to a swift retracement.
