While Bitcoin Stumbles, $63 Million in Long-Idle BTC Roars Back to Life

Bitcoin‘s taking a breather — it’s now lounging 17.2% below its all-time high of just over $126,000 hit ten days ago, and the wider crypto market isn‘t exactly radiating sunshine either. The plot thickens though: while traders nurse their losses, a few ancient bitcoin hoards have decided it’s time to stretch their legs, shaking off years of dust and collectively moving a cool $63 million at todays rates.

Market in the Red, But Old Bitcoin Wallets Are on the Move

While sell pressures been heavy, part of it might trace back to some vintage wallets finally stirring. Data parsed from btcparser.com shows that a total of 610.287 BTC from addresses created between 2013 and 2017 just blinked back to life — their first move since the coins were originally tucked away.

Roughly 110.17 BTC just shuffled out of two long-silent wallets — one minted on Nov. 30, 2013, and the other on March 18, 2017 — marking their first move in years.

As for the heavyweight 100 bitcoin move, 85.175 BTC landed in a change address, while 15 BTC — worth about $1.69 million — found its way to Coinbase. The 10 BTC from 2013？ That stash also appears to have made the same trip to Coinbase.

On Thursday, 18.82 BTC from a wallet born on June 2, 2016, hit the road, landing in a new and unknown address now holding 19.0775103 BTC. The transfer wasnt a straight shot — the 18.82 BTC was split into two hops before reaching its new home. Meanwhile, at block height 919358, another heavyweight wallet from Nov. 12, 2016, came alive, moving 100 BTC.

That holder sent 5 BTC to a wallet now sitting at 11 BTC, while 94.99 BTC looped back to a change address. Not long after, an even bigger 2016 whale made waves — moving a hefty 363.69 BTC at block 919367.

Roughly 27.67629802 BTC, valued at more than $2.8 million, went to one wallet, while a chunky 336.0136929 BTC — about $35 million — drifted into a change address.

Capping it off at block 919401, a long-sleeping wallet from June 1, 2017, finally stirred, moving 17.6 BTC worth about $1.8 million. Roughly 0.33 BTC slipped into an unknown wallet, while 17.269 BTC found its way to a change address.

All told, in just 48 hours, $63.66 million worth of snoozing bitcoins blinked awake for the first time in years. As for why theyre stretching their legs now — no one knows, but those Coinbase transfers hint the owners might be cashing in.