The silence was broken in old Bitcoin wallets: First transaction after 13 years

Many Bitcoin wallets, which have been dormant for many years, became active during the week. Among these was a 13-year-old wallet. Finally, today 1004 BTC was released from a 10-year-old wallet.

Today, 1004 BTC came out of a wallet where no movement was observed for more than 10 years. The transaction was made at 02.57 at night. Almost all of the assets, worth approximately $57 million, continue to be held in a different wallet from which they were transferred.

The wallet owner received these BTCs between November 25, 2013 and March 13, 2014. The average cost per BTC was $735. It is unclear whether the investor, who earned a 7,500 percent return on his Bitcoin investment 10 years ago, made this transaction for sales purposes or for a wallet change. On the other hand, there is a strong possibility that this is an OTC (over-the-counter) transaction.

Transactions made from wallets that have been inactive for many years have become more frequent since the beginning of July. On Tuesday, a wallet holding 33 #BTC made its first transaction after 13 years, while on Wednesday, another wallet holding 43 BTC became active after 10 years and 4 months. This activity continued in the following days. On Thursday, a 119 BTC wallet moved for the first time in 12 years and 4 months, and yesterday, a 20 #BTC wallet woke up after 11 years.

Bitcoin dropped from 63 thousand dollars to 53 thousand dollars during this period. The number one cryptocurrency is traded at $56,670 as of 13.45 CET.