ChainCatcher news reports that Bitcoin has fallen below $96,000 today, down about 11% since it broke $108,000 on December 17, 2024.
Meanwhile, at a Bitcoin network block height of 875,560, a wallet that had been continuously 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 this, 44.99 BTC came from 2015, when the BTC trading price was $290. Then, after 43 blocks, several wallets from 2017 became active, transferring a small amount of Bitcoin (0.00000547 BTC) at block 875,603.
This pattern of sending Bitcoin fragments cleverly conceals larger transfers. Once the satoshis are settled, 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, which was worth only $11 at the time, totaling $1,200. Today, these BTC are worth over $10 million. This transfer also migrated from an old P2PKH address to a new P2WPKH address.
