Bitcoin wallets created in 2014 and 2017 transferred 150.81 BTC across multiple transactions on May 26. A 2014 wallet sent 103.96 BTC from a legacy P2PKH address to another legacy P2PKH address, which later split into separate transactions. At least 53.96 BTC from that flow reached the crypto exchange Coinbase, increasing the likelihood of a sale rather than consolidation. Blockchair privacy scores of 45 and 55 indicate additional dormant BTC may become active. Earlier, five 2014 wallets had transferred 964.85 BTC, and further smaller reappearances continued afterward. The 103.96 BTC was valued at about $7.8 million using current exchange rates, implying a very large potential gain if sold.
"Bitcoin wallets from 2014 and 2017 moved 150.81 BTC across multiple transfers on May 26. Coinbase received 53.96 BTC from a 2014 wallet, raising potential sale speculation. Blockchair privacy scores of 45 and 55 suggest more dormant BTC may soon awaken. Earlier this week, Bitcoin.com News reported on five bitcoin wallets established in 2014 that transferred a combined 964.85 BTC, and since that report, another, albeit smaller, wave of dormant coins has continued to reappear from long-inactive addresses."
"Another 2014 wallet, created on Jan. 4 of that year, transferred 103.96 BTC on May 26 at block height 951160. The transfer was detected by btcparser.com, and the 103.96 BTC, valued at $7.8 million using current exchange rates, originated from a legacy P2PKH (Pay-to-Public-Key-Hash) wallet. The wallet transferred the funds to another legacy P2PKH address, where the holdings were later divided into two separate transactions, with at least 53.96 BTC ultimately sent to the crypto exchange Coinbase."
"This gives the transaction a stronger likelihood of being a sale rather than a simple consolidation move. The owner of these coins would have secured a substantial return, and if the funds were truly sold, the gain would amount to roughly 9,044.11%. On Jan. 4, 2014, a single BTC traded for $823 per coin, whereas today, or at least as of 4:40 p.m. ET, BTC is changing hands at $75,256 per coin. Back in 2014, that cache of 103 BTC was worth just $85,559, only slightly higher than the price of a single BTC today."
"On Wednesday, two P2PKH wallets created in 2017 and 2016 transferred 46.85468400 BTC across two separate transactions, one carrying 24.99990000 BTC and the other moving 21.85478400 BTC. The first transfer, containing 21.85 BTC, originated from a wallet created on March 10, 2017, approximately 9 years, 2 months, and 17 days ago. The stash eventually landed in a Bech32 (Pay-to-Witness-Public-Key-Hash) wallet that"
#bitcoin #dormant-wallet-activity #crypto-exchange-flows #on-chain-analysis #transaction-privacy-scores
Read at news.bitcoin.com
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