In a significant on-chain movement, twelve Bitcoin wallets that had remained inactive for over a decade suddenly reactivated, transferring a combined 294.56 BTC (approximately $32.24 million) within a 48-hour period ending September 28. The transactions mark the largest collective movement from long-dormant addresses this year, drawing attention from blockchain analysts and institutional observers.
The oldest wallet involved had been inactive since February 2013, when Bitcoin traded below $30. This particular address moved 50 BTC originally acquired for roughly $1,500, now valued at approximately $5.5 million. All twelve wallets showed similar patterns of dormancy ranging from 10-11 years before executing coordinated transfers to new addresses.
Blockchain analytics firms reported the movements through automated monitoring systems that track dormant wallet activity. The transactions occurred during a period of relative price stability for Bitcoin, currently trading around $34,000. While the identity of the wallet owners remains unknown, the coordinated nature suggests possible estate planning activation or institutional portfolio rebalancing.
Such large-scale movements from historically inactive wallets often signal strategic positioning by long-term holders. Market analysts note that while the transferred amount represents a fraction of Bitcoin’s daily volume, the psychological impact on markets can be significant when decade-old holdings suddenly become liquid. The blockchain community continues monitoring whether these funds will be moved to exchanges or remain in cold storage under new addresses.
