Bitcoin Wallets Purchased BTC at $124 Exits at $60M; Profit Booking Or Bear Signal?

Bitcoin wallet, Bitcoin price
The crypto market has been facing turbulence for the past few weeks. The trading prices of many cryptocurrencies dropped suddenly before maintaining their current price levels. The broader market followed the Bitcoin (BTC) price drop that broke strong support of $60K and dropped to $57K. Amid all this, two Bitcoin wallets that were offline for over a decade recently offloaded BTC worth $60 Million. It raises concerns given the timings. 
Prominent crypto data aggregator Lookonchain reported the instance stating two crypto wallets that have been “dormant for 10.7 years.” These wallets reportedly transferred 1,000 BTC worth $60.9 Million. Both of the wallets had an equal amount of 500 BTC bought in September 2013 at the trading price of $124. 
At the time of selling, BTC was trading at $62K. This makes these wallets' return on investment of massive 48387000% in these years. Currently, Bitcoin is trading at $61,200 following a slight uptick of 0.5% in the last 24 hours. 
Though the trading price did not show any notable impact of the Bitcoin sell-off, other key metrics drew attention. Data from popular crypto market behavior and network intelligence platform Santiment suggests there are declines in the number of Bitcoin daily active addresses, transaction volume, and whale transactions.
By the end of April, there were more than 815,000 active addresses everyday, 1.5 million transactions, and more than 73,500 whale transactions. Data analysis showed that several measures had notable drops after reaching their February high. They are also very close to all-time lows right now.
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