Bitcoin fell below $96,000 today, down about 11% since it surpassed $108,000 on December 17, 2024. Meanwhile, at block height 875,560 on the Bitcoin network, a wallet that had been dormant since July 25, 2015, was activated and transferred 44.99 BTC, marking its first activity since creation. The same user actually transferred a total of 59.99 BTC, moving funds from three old addresses (P2PKH) to two pay-to-witness public key hash (P2WPKH) wallets. Of these, 44.99 BTC came from 2015, when the BTC trading price was $290. Then, after 43 blocks, a number of wallets from 2017 began to activate, transferring small amounts of Bitcoin (0.00000547 BTC) at block 875,603. This pattern of sending tiny fragments of Bitcoin cleverly obscures larger transfers. Once the satoshis settle, a newly minted P2WPKH wallet will receive 99.999 BTC, worth approximately $9.7 million at current prices. On Saturday, a wallet that had been dormant for 12 years was activated, transferring 104.99 BTC when BTC was only worth $11, totaling $1,200. Today, these BTC are valued at over $10 million. This transfer also migrated from an old P2PKH address to a new P2WPKH address. (Bitcoin.com)

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