Bitcoin wallets dormant for 15 years move BTC after touching highs above $64,000
- Satoshi era bitcoin wallets dormant since 2009, have moved 250 BTC to new wallet addresses
- The five wallets transferred BTC in batches of 50 coins each
- Bitcoin price traded around $63,500, having touched highs above $64,000 across major exchanges
Several Bitcoin (BTC) miner wallets dormant for over 15 years have moved 250 BTC worth over $15 million.
The so-called Satoshi era wallets are miner addresses created in the years that Bitcoin creator Satoshi Nakamoto actively mined BTC. These wallets date back to 2009 five of which transferred 50 Bitcoin each to new addresses.
On-chain transactions tracker Whale Alert highlighted the five 50 BTC wallet movements. In total, five wallets had transferred coins worth $15.9 million to new wallets.
A dormant address containing 50 #BTC (3,182,908 USD) has just been activated after 15.6 years!https://t.co/rVRMOiMAfP
Whale Alert (@whale_alert) September 20, 2024
Lookonchain shared a screenshot of Whale Alerts posts about the dormant coins. In this case, each of the miner addresses received Bitcoin as mining rewards in 2009. Not one of these wallets transacted since that first transaction.
Notably, none of the new wallets had moved the coins to a crypto exchange as of writing.
In March 2024, a Bitcoin wallet dormant for over 12 years, woke up to move 500 BTC. Another wallet dormant for over 10 years, was activated in April 2023.
Bitcoins price
The movement by these Satoshi era BTC wallets come as Bitcoins price recovered to above $64,000 amid market reaction to this weeks US Federal Reserve interest rate cut. The bench market cryptocurrency has over the past few months struggled to break higher with a major dip to below $50k seen on August 5, 2024.
Commenting on the price outlook, crypto analyst Ali Martinez says its likely traders may want to take profits at current prices.
The TD Sequential told you to buy #Bitcoin at $57,400, and now it is telling you to book some profits at $63,700! pic.twitter.com/0h1yNowkae
Ali (@ali_charts) September 20, 2024
BTCs price touched highs of $64,140 on Coinbase early Friday, September 20, 2024. However, it changed hands around $63,513 at the time of writing.
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