$135.4M in Dormant Bitcoin Revived by Mid-Sept., 2016 Wallets Dominate Activity
According to the latest figures, 32 dormant bitcoin transactions have surfaced during the first two weeks of September 2024, with a hefty 2,253.54 BTC spent so far. When it comes to the biggest spenders, btcparser.com shows wallets dating back to 2016 took the lead, moving a total of 1,549.51 BTC through nine separate transactions.
32 Sleeping Bitcoin Transactions Surfaced Over the Past 2 Weeks
In the first half of September, a total of 2,253.54 previously dormant bitcoin stirred back to life, valued at $135.4 million based on current BTC exchange rates. So far, no sleeping bitcoin wallets from 2010 or 2011 have shown any activity, becoming rarer over time. However, this month, 48.99 BTC from 2012 wallets was moved through two separate transfers (1, 2). Eight wallets from 2013 came to life this month, moving a combined total of 404.76 BTC.
One of those 2013 transfers was a hefty 146.43 BTC, while another saw 185.51 BTC change hands on Sept. 10. In fact, 2013 ranks as the second most active year for dormant bitcoin transactions this month. The third-largest sum came from 2014 addresses, with 134.28 BTC being moved across five separate transactions. In contrast, 2015 saw five transfers as well, but they totaled a modest 50 BTC.
Sleeping bitcoin wallets from 2016 claimed the top spot, transferring 1,549.51 BTC from nine legacy addresses. One of those moves was an impressive 1,350.27 BTC transaction on Sept. 4. Meanwhile, 2017 has brought three transfers this month, adding up to 66 BTC. With 2,253.54 BTC already spent in just the first half of Sept., the total is just 37.66 BTC short of surpassing all the dormant bitcoin movements from August.
With $135.4 million worth of BTC already moved by mid-September, the month is on track to surpass August in dormant bitcoin activity. However, the current pace suggests it may not reach the levels seen in June and July. The fluctuation in these transactions illustrates the uncertain behavior of long-term holders rejoining the market at chosen moments when the price aligns with their expectations.
What do you think about the bitcoin movements from vintage wallets during the first two weeks of September? Share your thoughts and opinions about this subject in the comments section below.
