![Hibernation is done – How Bitcoin [BTC] bears, dormant wallets are making a move](https://i.headtopics.com/images/2023/4/23/cryptoamb/hibernation-is-done-how-bitcoin-btc-bears-dormant--hibernation-is-done-how-bitcoin-btc-bears-dormant--1649874468238417920.webp)
Bitcoin's price correction led to the crypto-market's volume decline. Long liquidations increased sharply too.
Holders have been moving their assets either to cash in on gains or to avoid becoming a victim of wallet draindrive to $31,000 gained steam, the crypto’s price dropped sharply. At press time, the king coin, having registered a 79% hike as per Year-To-Date performance, had depreciated. It was trading at $27,337 on the charts.Bitcoin’s latest price drop has led to a surge in activity among previously dormant wallets.
Thereafter, the Twitter-famous pseudonymous on-chain activity tracker disclosed that another wallet did the same. This time, it was a 10-year-old wallet that was transferred to three separate wallets.
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