Four Decade-Old Bitcoin Wallets Move $161 Million in Two Weeks
- —Four wallets moved 1,971.03 BTC worth ~$161 million from Sept. 6 to Sept. 22
- —The largest transfer was 1,260.78 BTC (~$100.63 million), dormant since July 2016
- —A 2011-era wallet with 10.25 BTC posted a gain of over 8.38 million percent
- —600 BTC (~$51.9 million) moved Tuesday after a 14.2-year slumber
Why it matters: The reactivation of ancient wallets may signal long-lost BTC supply returning to circulation, adding potential selling pressure to the market.
Source: Decrypt