This week, bitcoin hit a new peak at $93,483 per coin, and a wave of once-dormant bitcoins from 67 legacy wallets made moves, collectively transferring around $189.82 million at today’s BTC rates. These wallets, untouched since they were created between 2010 and 2017, brought 2,114.44 BTC back into circulation for the first time.
Only one wallet from 2010 stirred this month, spending 50 BTC on Nov. 6 at block height 869,179. Two wallets dating back to 2011 also woke up, moving a total of 92.3 BTC valued at roughly $8.2 million. A single 2012 wallet made an appearance, sending 11.15 BTC on Nov. 12 at block 869,928. The largest wave of revived BTC this month, however, came from 2013 addresses.
In all, a total of 969.81 BTC from 25 distinct addresses has moved this November, equal to an impressive $87 million in value. One 2013 wallet alone shifted 260.62 BTC on Nov. 1, representing about $23 million, though at the time it was worth $18 million.
The 2013 wallet that moved 260.62 BTC was not very private and the wallet’s transactions scored a low 49 out of 100 for several reasons including matched addresses identified.
Addresses from 2014 saw action too, spending around 105.23 BTC across eight different transactions. While only three wallets from 2015 were reactivated, they transferred more than the 2014 wallets, with a total of 126.48 BTC moved.
More recent, yet still aging wallets from 2016 and 2017 made substantial moves as well. According to btcparser.com, there were 12 spends from 2016 wallets this month, totaling 370.94 BTC, or about $33 million. Meanwhile, 15 transactions came from 2017 wallets, spending 388.53 BTC worth over $34 million.
The significant increase in bitcoin’s value this month has likely encouraged long-held coins to resurface, as some investors capitalize on gains after years of inactivity. This trend of reawakened wallets could suggest growing optimism among early adopters, reflecting a renewed belief in bitcoin’s long-term potential as more veteran holders rejoin the active market.
