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BTC The Bitcoin wallet that has been sleeping for more than ten years is suddenly active, with a single day transfer value exceeding US$15.7 million.
Recently, a batch of Bitcoin (BTC) wallets that have not been active for more than ten years suddenly have funds transferred, with a total value of US$15.73 million. Among them, one of the early positions originated in 2011, with an initial investment of approximately US$120, but has now increased to more than US$3 million.
Overview of key data
- Trends in long-term dormant wallets: Between August 29 and September 4, a total of 202.84 BTC was transferred from four long-term inactive wallets, with a value of approximately US$15.73 million at the time.
- Amazing rate of return: A wallet holding 40 BTC has an extremely low original cost and has so far yielded more than 2.5 million times.
- Potential sell signals: Galaxy Research pointed one of the 6.78 BTC transactions to the Coinbase exchange, which is often seen as an indicator of potential intention to sell.
Bitcoin wallet activity analysis
According to Galaxy Research's on-chain monitoring data, the above four wallets that have been silent for more than ten years transferred a total of 202.84 BTC between August 29 and September 4, with a total valuation of approximately US$15.73 million. The largest transfer occurred first.
A wallet worth approximately $11.31 million and holding 146.06 BTC has not been moved since November 2013. Based on an initial cost of nearly $595, its book income is approximately 12,902%. The other wallet holds 40 BTC. The coins were purchased in November 2011 at an average price of approximately US$3 per coin. After nearly 15 years of holding, the initial investment of approximately US$120 has increased to approximately US$3.09 million.
In addition, two smaller wallets were active: one was the 10 BTC wallet that was last active in June 2011, worth approximately US$777,000; the other was the 6.78 BTC wallet that was last active in February 2011, worth approximately US$551,000.
Galaxy Research's in-depth interpretation
Galaxy Research specifically marked the 6.78 BTC transaction because its recipient was identified as the Coinbase exchange, which gave this batch of transactions a clearer potential sell signal than other wallet movements. Although transferring coins to an exchange may imply that sellers are planning to sell, the transfer alone does not confirm that liquidation has occurred.
This distinction is crucial. There may be a variety of reasons for the re-entry of long-idle Bitcoin into circulation, including custody changes or wallet consolidation, so a single transfer often cannot clearly reveal the holder's final intention.
Long-term inactive positions are often seen as an "unavailable" part of the market supply, so the repeated activations of these old coins have raised concerns in the market: Will more early bitcoins flow to exchanges? The current dynamics are also in line with a summer trend previously discovered by Galaxy Research, which states that bitcoins held for more than 10 years are becoming active at an unusually rapid rate in 2026.
Prior to this, in August, there was a wave of activity involving six wallets that moved about $40 million in 10 days. In addition, several of the reactivated addresses bear the sender tag of "Noah Doe" in connection with a New York lawsuit over whether sleeping addresses can be considered abandoned property. Although the judge suspended the process in June, wallets with such tags continue to move, adding another layer of uncertainty to why Bitcoin's oldest holdings have regained their vitality.
