Data on the Bitcoin blockchain shows that a Bitcoin wallet that has been dormant for more than 10 years has recently become active.

According to a Whale Alert report, an address holding 150 bitcoins, worth over $9.8 million, has been activated after 10.5 years of dormancy.

This event comes as part of a growing trend of legacy wallets coming back into activity, which has piqued the interest of the cryptocurrency community.

These wallets are often associated with early adopters or miners who acquired Bitcoin during periods when the price of the currency was very low compared to its current value.

Although the identity of the wallet's owner remains unknown, the awakening of such wallets raises questions about the intentions of their owners.

Some speculate that cryptocurrencies may be sold or moved to safer locations in response to market changes.

This return shows the huge gains made by early Bitcoin holders, as small investments turned into massive fortunes.

As legacy wallets continue to return to activity, their movements will remain under close scrutiny by the crypto community.

At the time of writing, Bitcoin price has stabilized above $65,000.

In September, Bitcoin rose 11.31%, breaking historical negative trends for the month, thanks to a global wave of interest rate cuts led by the US Federal Reserve.