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#Bitcoin Wallets Waking Up After Years of DormancyIn a surprising turn of events, several long-dormant Bitcoin wallets have recently become active after years of inactivity. This week, a wallet that had been inactive for 13 years executed its first transaction, while another wallet, dormant for a decade, transferred 1,004 BTC (valued at approximately $57 million) to a different address.
The owner of the 1,004 $BTC wallet originally acquired the Bitcoins between November 2013 and March 2014, at an average cost of $735 per BTC. It remains unclear whether the owner sold the BTC or simply moved them to a new wallet. The possibility of an over-the-counter (OTC) transaction cannot be ruled out.
This reactivation trend has been observed in several other wallets as well. Since early July, transactions from wallets inactive for 10-13 years have increased in frequency. Notable activity includes:
- Tuesday: A wallet holding 33 BTC made its first transaction in 13 years.
- Wednesday: A wallet holding 43 BTC became active after 10 years and 4 months.
- Thursday: A wallet holding 119 BTC moved for the first time in 12 years and 4 months.
- Friday: A wallet holding 20 BTC was reactivated after 11 years.
Despite this surge in activity, Bitcoin's price has seen a decline, dropping from $63,000 to $53,000 during this period. As of 13:45 CET, Bitcoin is trading at $56,670.
