Bitcoin’s recent pullback has coincided with renewed activity from long-dormant addresses. As the cryptocurrency fell about 2.8% over the past week and touched a weekly low of $74,530, a wallet holding 103.96 BTC—worth roughly $7.8 million at current prices—moved funds for the first time in more than 12 years at block height 951,160.
12-Year-Old Bitcoin Wallet Revives 103.96 BTC
On-chain records show that at block height 951,160, a previously inactive address transferred 103.96 BTC after more than a decade without movement. The revival places these coins among holdings from Bitcoin’s early years. While the transaction confirms the coins changed addresses, it does not reveal the owner’s identity or whether the funds were sent to a custodial platform or simply reorganized into new self-custodied wallets.
Market Context
The move comes amid a modest weekly decline for bitcoin (BTC), which is down roughly 2.8% over the past seven days and recorded a weekly low of $74,530. Periods of price volatility often coincide with on-chain shifts as holders adjust positions, rebalance security setups, or consolidate UTXOs (unspent transaction outputs).
Why Dormant Coin Activity Matters
Long-inactive coins returning to circulation draw attention because they can affect short-term liquid supply if routed to exchanges and because they may belong to early adopters with substantial unrealized gains. However, revived activity does not necessarily indicate imminent selling; coins can move for reasons ranging from security hygiene and inheritance planning to wallet upgrades.
Ongoing Pattern of Older Coins Moving
This latest transfer extends a broader pattern observed in recent weeks of “sleeping” bitcoin addresses becoming active. Although revived supply remains a small portion of total circulating BTC, analysts track these events as a gauge of long-term holder behavior and potential shifts in market supply dynamics.