A long-dormant Bitcoin wallet has awakened, transferring 909 BTC, now valued at over $84 million, to a new address after more than 12 years of inactivity. The wallet originally accumulated its holdings in 2013, when Bitcoin traded below $7, resulting in an unrealized gain of more than 13,000%.
Blockchain analysts tracked the move using data from Whale Alert and Lookonchain, noting that the transfer was made from the address 1A2hq…pZGZm to bc1qk…sxaeh. While such activity often triggers speculation about profit-taking, none of the coins have been moved to exchanges, suggesting the transaction may be primarily for consolidation or enhanced security rather than an immediate sale.
According to data tracked by blockchain sleuths Whale Alert;
This phenomenon aligns with patterns observed after Bitcoin surpassed $100,000, prompting dormant wallets holding significant paper profits to reactivate. These movements frequently create market buzz and social media discussion, as traders anticipate potential impacts on Bitcoin’s price.
According to data tracked by blockchain sleuths Lookonchain;
Analysts emphasize that wallet wake-ups do not automatically signal a sell-off, but they remain closely watched indicators of market behavior. In this case, the whale’s activity could reflect a strategic repositioning, ensuring the assets are securely stored while maintaining exposure to the cryptocurrency’s ongoing growth.
The transaction highlights the enduring long-term value of early Bitcoin holdings and how dormant addresses can still influence market sentiment years after initial accumulation.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.