A bitcoin wallet that had been inactive for more than 12 years reactivated late Monday, moving 909 BTC — now valued at over $84 million — to a new address.
Blockchain trackers Whale Alert and Lookonchain flagged the transfer from the address “1A2hq…pZGZm” to “bc1qk…sxaeh.” The wallet dates back to 2013, when bitcoin was trading below $7, leaving the holder with unrealized gains exceeding 13,000%.
The move aligns with a trend seen since bitcoin surged above $100,000 last year, reviving long-dormant addresses holding large paper profits.
Such reactivations often fuel speculation of impending profit-taking that could weigh on prices. However, none of the transferred bitcoin has been sent to exchanges so far.
Instead, the transaction may reflect a consolidation or security-related update rather than preparations to sell, as the funds remain in a newly created wallet.
About The Author
More Stories
Equities catch up to bitcoin’s drop toward $60,000 amid a surge in bond yields.
Bitcoin holds near $68,300 while gold tumbles for a ninth session and Asian stocks fall
XRP slides 3% on break under $1.44 with BTC softness capping recovery