Another Set of Long-Silent Bitcoin Wallets Move Millions During BTC Decline
With bitcoin down roughly 2.8% over the past seven days and the price touching a weekly low of $74,530 per coin, sleeping bitcoin wallets continue to awaken and relocate long-held funds. At block height 951160, 103.96 $BTC valued at $7.8 million at current exchange rates moved for the first time in more than 12 years. Key Takeaways: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. Vintage Bitcoin Wallets Continue to Reactivate 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