Two Bitcoin whale wallets, inactive for a decade, have been reactivated with transactions of 1,000 BTC worth approximately $60.9 million.

The wallets acquired the Bitcoin in 2013, and the value has increased by over 500-fold since the purchase.

The identities of the owners and reasons for the transfers remain undisclosed, fueling speculation within the cryptocurrency community.

Recent similar activities include the movement of 687.33 BTC and nearly 50,000 BTC, which has led to conjecture about market impacts and potential owner intentions.

The reactivated Bitcoin has been moved to unidentified wallets, with no indication of the owners cashing in on their appreciated assets.

Bitcoin's current price stands at $61,450, reflecting a 130% increase over the past year, amidst mixed market predictions and anticipation of an altcoin season.