Bitcoin News Today: Satoshi-Era Wallets Move $29.6M BTC After 15.3 Years as Bitcoin Rises 27% YTD

Beneath Bitcoin’s current price of $115,295, a rare on-chain event has triggered investor interest as five dormant miner wallets from 2010, inactive for 15.3 years, transferred 250 BTC—valued at nearly $29.6 million—according to Arkham Intelligence [1]. These wallets originally received 50 BTC each when Bitcoin was valued at $0.003 per coin, marking them as part of the earliest mining era [1]. The sudden movement of such long-held coins has sparked speculation about the motivations behind the transfers. Analysts from Lookonchain and Spotonchain suggest the transfers could indicate a shift in custody strategy rather than an immediate selling intent [1].

The wallets have moved their BTC to newer “bc1q” SegWit addresses, an upgrade that improves transaction efficiency and error handling [1]. This activity aligns with a broader trend observed in July 2025, where multiple Satoshi-era wallets have become active, transferring thousands of BTC amid rising institutional accumulation and retail speculation [1]. Despite these movements, the market has absorbed the increased supply relatively well, with Bitcoin up 27% year-to-date and within 4% of its all-time high of $122,838 [1].

Opinions differ on the implications of these transfers. Some view them as a strategic move to secure funds or capitalize on Bitcoin’s strength, while others warn they may precede future sell-offs, especially if market sentiment deteriorates [1]. From a technical standpoint, Bitcoin has shown signs of bearish exhaustion, breaking below a symmetrical triangle and key support levels such as $116,872 and the 50-SMA at $117,713. The RSI stands at 32, nearing oversold territory, and the “three black crows” pattern on the 4H chart reinforces bearish momentum [1].

Analysts suggest a potential short entry near $116,000–$116,500 if Bitcoin fails to reclaim $117,000, with stop-loss above $118,800 and target levels at $114,500 and $112,900. However, risks remain high due to potential fakeouts, emphasizing the need for confirmation on any retest of broken support [1].

In parallel, a Bitcoin-native Layer 2 project, Bitcoin Hyper ($HYPER), has raised over $6 million in its public presale toward a $7 million target. The project combines Bitcoin’s security with Solana’s speed, enabling fast, low-cost smart contracts and dApps. The token is currently priced at $0.012475, with the next price tier expected to be announced soon [1].

Source: [1] Bitcoin Price Prediction: Satoshi-Era Wallets Wake Up After 15 Years – What’s Going On? (https://cryptonews.com/news/bitcoin-price-prediction-satoshi-era-wallets-wake-up-after-15-years-whats-going-on/)