Galaxy Research Monitoring data shows that from August 29th to September 4th, four Bitcoin wallets that had not been active for a long time became active again, transferring a total of 202.84 BTC, which is approximately equivalent to 15.73 million US dollars at current prices. Such ancient addresses have been showing frequent activity recently, and the market's main concern is whether these old coins are re-entering circulation.
The largest amount comes from a wallet from 2013.
In this batch of transfers, the largest wallet transferred out 146.06 BTC, worth approximately 11.31 million US dollars. This address has not seen any transactions since November 2013, remaining inactive for nearly 12.8 years.
Another wallet, which transferred funds earlier, transferred out 40 BTC, worth approximately $3.09 million. On-chain records show that this batch of bitcoins has hardly moved since November 2011. Estimated at the original cost, the return on holding these bitcoins has reached an extremely high level.
- 10 BTC, approximately $777,000
- 6,78 BTC, approximately $551,000
A sum of funds has flowed towards Coinbase.
A simple transfer does not directly indicate whether the holder is selling, consolidating assets, or changing the custodian address. However, in this instance, one of the transfers had a clearer destination.
Galaxy marked the recipient of 6.78 BTC as Coinbase. In on-chain analysis, the transfer of funds to centralized exchanges is generally considered a potential selling signal, as such transfers are more commonly seen in preparation for sale rather than merely internal migration.
There has been a noticeable increase in unusual movements of older cryptocurrencies this summer.
This is not the first time in recent times that large dormant addresses have become active again. Galaxy Previous statistics showed that earlier in August, 6 wallets that had been inactive for a long time transferred a total of about 40 million US dollars in Bitcoin within 10 days.
Looking at a longer period, the activity of Bitcoin addresses that have not been touched for over 10 years has significantly increased since 2026. Although not every transfer necessarily leads to actual selling, once such old coins are moved again, it often draws market attention to the potential return of supply.
Additional information:The report mentioned that some reactivated wallets carried the sender tag “Noah Doe”. This is related to a lawsuit in New York that attempted to designate a long-dormant address as unclaimed property. After the case was halted by a judge in June, transfers continued to occur from addresses with this tag.
