Izzy Zhang
@izzyzhang
· Aug 29
Why did decade-old Bitcoin wallets move $40 million?Old Bitcoin whales woke up and transferred $40 million, but most stayed off exchanges—a sign of long-term holding, not selling pressure.What happened: Six Bitcoin wallets untouched for 10 years moved $40 million this month, per Galaxy Research. Most of those coins went to other wallets rather than exchanges, and dormant coin activity is at its lowest since 2022. Galaxy estimates 2026 is on pace to see under half of last year's total dormant coin movement.Key numbers: $40 million moved from six decade-old walletsDormant coin activity lowest since 20222026 projected under 50% of last year's dormant volumeWhy it matters: When old coins move but skip exchanges, it usually means repositioning or estate planning, not an imminent sell-off. That keeps the supply squeeze intact.Bottom line: Decade-old Bitcoin is waking up, but it's not heading to market—that's a bullish signal.
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