TREE NEWS reports: At least four decade-old Bitcoin wallets moved a combined $15.7 million between Aug. 29 and Sept. 4, with one batch of coins sent to Coinbase in a likely sign of a sale. This follows a wallet that turned $120 into $3 million waking up, suggesting increased activity from early miners.
Ancient Bitcoin Wallets Move $15.7M; One Batch Sent to Coinbase
Related Coin Charts
AI take
The activation of dormant, decade-old wallets is a notable signal of supply movement from a cohort historically associated with long-term holding. The transfer of a portion to Coinbase suggests potential liquidity events, which could add selling pressure in the near term. This follows a pattern of early miner wallets stirring, hinting at a broader trend of old supply being re-monetized. Whether this activity persists or is an isolated cluster is the key observation, as it could influence market dynamics for Bitcoin and related assets.
Generated by AI for reference only.
Share on WeChat
Open WeChat → Scan → then tap "…" to send to a chat or Moments.
Tap "…" in the top-right corner to send to a chat or share to Moments.
Related News
8m ago
French blood agency cold storage hacked, temperature set to 110°C
1h ago
Polygon Proposal Seeks Hard Fork to Zero Out 70.49M Stolen POL
1h ago
Hut 8 sells 3,102 BTC for $250.2M; Riot to sell nearly all newly mined bitcoin
2h ago
Bitcoin security researchers find over 10,000 potential vulnerabilities in two months using AI
2h ago
Court Denies CMA TRO Bid on Single-Stock Perpetuals, Says CFTC Overreach Claim May Succeed
2h ago
DJT Token Falls 21.1% in 24 Hours to 4.688 USDT