In-Depth | Imagine If Millions of Bitcoins Were Lost Back to the Market, What Would Happen?
A large number of Bitcoins, estimated to reach 1.6 million BTC (about 7.5% of the total supply), are currently in wallets that have long been inactive and are considered 'lost'. However, recent phenomena have shown that some of these ancient wallets are 'rising' again after more than a decade, moving thousands of BTC suddenly.
The resurgence of this "treasure" creates a dual psychological impact on the market. On one hand, there is great concern about a mass sell-off that could shake liquidity, drastically depress Bitcoin prices, and trigger investor panic. On the other hand, some view it as a positive signal, where early owners are showing renewed interest in the crypto ecosystem.
In essence, the unexpected activity from these old wallets becomes a significant source of speculation and uncertainty in the digital asset market.
(Disclaimer: This is not financial advice. Do your own research).
