A long-dormant Bitcoin wallet has moved 909 BTC, valued at approximately $84 million, after 12 years of inactivity, highlighting unexpected shifts in the cryptocurrency landscape.
This transaction reflects significant historical gains and echoes previous impactful movements while raising questions about dormant assets fueling market activities.
IDLE SINCE 2010: $84M BITCOIN WALLET STIRS
An inactive Bitcoin wallet from 2010 moved 909 BTC, worth approximately $84 million, to a new wallet. This transaction marks the first activity from the wallet in over 12 years, intriguing the crypto community.
The action involves no identifiable individuals or organizations. It was executed by a Bitcoin holder who initially acquired the BTC when prices were below $7, achieving a nearly 13,900-fold increase from the original value.
BITCOIN LIQUIDITY PRESSURES AMID $84M TRANSFER
This significant transfer occurred as Bitcoin prices slipped from highs exceeding $97,000, coinciding with broader US whale selling patterns. Market observers are attentive to potential impacts on Bitcoin liquidity.
Analyst Mignolet from CryptoQuant noted a strong selling premium, describing it as a typical selling pattern seen in previous market cycles. The dynamics hint at speculative pressure on Bitcoin markets.
PARALLELS WITH GALAXY DIGITAL’S 80,000 BTC SALE IN 2025
Similar large-scale BTC transfers have occurred, such as the 80,000 BTC sale by Galaxy Digital in 2025, leading to temporary market fluctuations. This latest event, although smaller, reminds analysts of past market reactions.
Expert assessments suggest analyzing such data points and trends allow for better prediction of long-term market movements. Understanding whale behavior, based on historical data, could provide insights into future market conditions.
“We’re seeing the strongest selling premium (CPG) in recent periods… It’s one of the traditional selling patterns we’ve seen repeatedly in the past.” — Mignolet, Analyst, CryptoQuant
| Disclaimer: This website provides information only and is not financial advice. Cryptocurrency investments are risky. We do not guarantee accuracy and are not liable for losses. Conduct your own research before investing. |
