Dormant Bitcoin Wallets Move $2.18 Billion Sparking Bullish Predictions

Generated by AI AgentCoin World
Friday, Jul 4, 2025 4:06 am ET1min read
BTC
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Two

Bitcoin
wallets, which had been dormant for over 14 years, were activated on July 3, 2025, moving a total of $2.18 billion in Bitcoin. The wallets, identified as “12tLs…xj2me” and “1KbrS…AWJYm,” each received 10,000 BTC on April 3, 2011, from the wallet address “1HqXB…gDwcK.” This address also transferred an additional 3,377.83 BTC to a third wallet. The value of the 20,000 BTC held in the two wallets has appreciated significantly from $7,800 at the time of receipt to $2.18 billion at the time of the transfer.

The smaller wallet, which received 3,377.83 BTC, appears to have either spent or moved the funds back, while the two wallets with 10,000 BTC each remained inactive for over a decade and a half. The exact reasons for the transfers and the identities of the wallet owners remain unknown. The movement of such a large amount of Bitcoin has sparked speculation and analysis within the cryptocurrency community.

Analysts predict that Bitcoin is poised to set a new all-time high (ATH) in the coming weeks. Renowned analyst and trader Michael van de Poppe suggested that Bitcoin could reach a new record peak within the next one to two weeks. In a post on July 3, van de Poppe noted that Bitcoin is consolidating above $108,000 and that the upward pressure could lead to a new ATH. Another popular analyst, known by the pseudonym Rekt Capital, highlighted the $108,000 range as a critical level for Bitcoin to maintain a bullish trajectory. Rekt Capital stated that if Bitcoin stays above $108,890 for the rest of the week, it could position itself for a bullish weekly close above the final major resistance.

The activation of these dormant wallets and the subsequent movement of a significant amount of Bitcoin has added to the anticipation within the cryptocurrency market. The predictions by analysts, coupled with the historical value appreciation of the Bitcoin held in these wallets, suggest a potential bullish trend for the cryptocurrency in the near future. However, it is important to note that these predictions are based on current market conditions and analyst interpretations, and the actual outcome may vary.