Bitcoin News Today: Dormant 2012–2017 Bitcoin Wallets Move $56.39M as Holdings Re-enter Market

Bitcoin’s historical supply is seeing renewed movement as wallets from 2012 to 2017—long dormant—begin transferring their holdings. Over the past 48 hours, 471.8678 BTC worth $56.39 million were moved from these vintage wallets, marking one of the largest monthly surges in activity from older addresses [1]. This follows a recent report highlighting 101,030 BTC from 2011 to 2017 re-entering circulation, signaling a broader trend of seasoned investors liquidating long-dormant holdings.

The most notable transfers included a 2013-era wallet (created April 8, 2013) sending 14.55 BTC ($1.7 million) after 12 years and three months of inactivity. Just two days later, an address formed on April 10, 2013, moved 181 BTC ($21.6 million) at block height 907225. Another address from October 20, 2013, transferred 90 BTC ($10.7 million), followed by a 2014 wallet moving 1 BTC for the first time in 11 years and six months [1].

Further activity included two wallets from 2017 (summer of 2017) moving 10 BTC and 30 BTC respectively, along with a 2013-era address transferring 44.30 BTC ($5.2 million). On Sunday, five wallets created on February 2, 2012, each sent 20 BTC. At the time of their creation, bitcoin traded at $6.09 per coin, meaning the total investment of 100 BTC cost just $609. Today, that position is worth $11.9 million, reflecting Bitcoin’s exponential growth [1].

The reactivation of these wallets underscores the cyclical nature of Bitcoin’s supply dynamics. Historically, dormant addresses often resurface during bull markets as investors seek to capitalize on rising prices. The sheer volume of 2012–2017 holdings being unlocked could temporarily increase market volatility, as large transfers may influence trading patterns. However, the gradual nature of these movements—spanning multiple days and block heights—suggests a deliberate strategy rather than panic selling [1].

Analysts note that the 2012–2017 period represents a critical phase in Bitcoin’s history, characterized by early adoption and speculative trading. The current activity reflects confidence in Bitcoin’s long-term value, with investors overcoming earlier skepticism to realize gains. That said, the market’s reaction to these inflows will depend on broader macroeconomic factors and regulatory developments, which remain key variables in Bitcoin’s price trajectory [1].

Source: [1] [Vintage Bitcoin Wallets Keep Waking up—Millions on the Move From 2012–2017 Wallets] [https://api.news.bitcoin.com/wp-json/bcn/v1/post?slug=vintage-bitcoin-wallets-keep-waking-up-millions-on-the-move-from-2012-2017-wallets]