Markets· ★★★· bearish·

3,790 'dormant' bitcoins moved in September, 62% on weekends

  • —3,790 BTC from old wallets was moved in the first two weeks of September
  • —62% of the movements occurred on weekends, with coins averaging about 13 years old
  • —The largest transfer was 1,260.776 BTC from a 2016 address on September 6
  • —113 BTC from a 2013 wallet moved for the first time, rising in value from $14,464 to $8.8 million
Why it matters: The reactivation of old coins may signal preparation to sell and weighs on BTC supply, though August's record of 6,427 BTC has yet to be surpassed.
#BTC
Source: Bitcoin.com
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