Bitcoin’s Slump: $63M of Dusty Coins Suddenly Decide to ‘Do a Little Dance’ 🐉

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Bitcoin’s taking a breather – it’s now lounging 17.2% below its all-time high of just over $126,000 hit ten days ago, and the wider crypto market isn’t exactly radiating sunshine either. The plot thickens though: while traders nurse their losses, a few ancient bitcoin hoards have decided it’s time to stretch their legs, shaking off years of dust and collectively moving a cool $63 million at today’s rates. Why? Who knows. Maybe they were just tired of being called “inactive.” Or maybe they read The Daily Grind and saw an ad: “Sell your BTC before it becomes a fossil! 10% off if you bring your own pickaxe.”

Market in the Red, But Old Bitcoin Wallets Are on the Move

While sell pressure’s been heavy, part of it might trace back to some vintage wallets finally stirring. Data parsed from btcparser.com shows that a total of 610.287 BTC from addresses created between 2013 and 2017 just blinked back to life – their first move since the coins were originally tucked away. Imagine if your savings account did that. You’d probably be less annoyed at the market’s theatrics.

Roughly 110.17 BTC just shuffled out of two long-silent wallets – one minted on Nov. 30, 2013, and the other on March 18, 2017 – marking their first move in years. If coins could yawn, these would’ve done it. But hey, better late than never – unless you’re a trader trying to figure out if this is a buying opportunity or a trapdoor.

As for the heavyweight 100 bitcoin move, 85.175 BTC landed in a change address, while 15 BTC – worth about $1.69 million – found its way to Coinbase. The 10 BTC from 2013? That stash also appears to have made the same trip to Coinbase. Presumably, the owners are now sipping margaritas and laughing at the chaos. Or maybe they’re just trying to buy a house. Either way, the market’s reaction is: “Oh no, not again.”

On Thursday, 18.82 BTC from a wallet born on June 2, 2016, hit the road, landing in a new and unknown address now holding 19.0775103 BTC. The transfer wasn’t a straight shot – the 18.82 BTC was split into two hops before reaching its new home. Meanwhile, at block height 919358, another heavyweight wallet from Nov. 12, 2016, came alive, moving 100 BTC. If coins had a union, this would be the “strike” clause.

That holder sent 5 BTC to a wallet now sitting at 11 BTC, while 94.99 BTC looped back to a change address. Not long after, an even bigger 2016 whale made waves – moving a hefty 363.69 BTC at block 919367. Imagine if that whale had a LinkedIn profile: “Experienced in sitting on assets. Looking for a new challenge.”

Roughly 27.67629802 BTC, valued at more than $2.8 million, went to one wallet, while a chunky 336.0136929 BTC – about $35 million – drifted into a change address. That’s enough to buy a small island, assuming the island accepts cryptocurrency. Or a yacht. Or a very expensive existential crisis.

Capping it off at block 919401, a long-sleeping wallet from June 1, 2017, finally stirred, moving 17.6 BTC worth about $1.8 million. Roughly 0.33 BTC slipped into an unknown wallet, while 17.269 BTC found its way to a change address. If coins could write diaries, this would be the “I’m really going to regret this later” chapter.

All told, in just 48 hours, $63.66 million worth of snoozing bitcoins blinked awake for the first time in years. As for why they’re stretching their legs now – no one knows, but those Coinbase transfers hint the owners might be cashing in. Or maybe they’re just tired of being called “inactive.” Either way, the market’s reaction is: “Oh no, not again.”

FAQ ⏰

• Why are old bitcoin wallets moving now?
No one knows for sure, but transfers to Coinbase suggest some holders may be selling into the downturn. Or they could be answering a call from their grandad’s ghost. The blockchain doesn’t care. It’s just a ledger.

• How much dormant bitcoin recently moved?
Roughly $63.66 million worth of long-inactive BTC awakened over the past 48 hours. That’s enough to buy a lot of coffee. Or a small army of lawyers.

• When were these wallets originally created?
The reactivated wallets date back to 2013 through 2017. Back when Bitcoin was just a thing people talked about in niche forums. Now it’s a thing people argue about on Twitter. Progress!

• Does this activity impact bitcoin’s price?
Large dormant movements can add short-term sell pressure, especially during a market dip. It’s like throwing a party at a funeral. No one wins, but everyone’s there.

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2025-10-17 17:10