Over $14 million worth of Bitcoin has recently been moved from long-inactive addresses, signaling activity from dormant wallets. On January 27, 2024, a wallet established in 2013 executed its first transaction in over a decade, transferring 115.50 bitcoin valued at $4.84 million. Additionally, two dormant accounts from 2017 also performed transactions, moving a total of 218.49 bitcoin, equivalent to $9.16 million. This movement of a combined 333.99 BTC, valued at $14 million, sparked interest and speculation within the cryptocurrency community. The transactions have raised questions about the motives behind awakening these previously inactive wallets and the potential impact on the market.

Inactive Bitcoin Holdings Stir — $14 Million Transacted from 2013 and 2017 Wallets

Details of the Transactions

Over the past weekend, there were notable movements in the Bitcoin market. A total of 333.99 BTC, equivalent to $14 million, was transacted from long-inactive addresses. These transactions involved wallets that had remained untouched for several years. The first transaction was initiated from a wallet that had been created on May 2, 2017, exactly six years and eight months prior. It involved a transfer of 125 BTC. Another transaction was executed from a wallet that was established on August 28, 2013, representing a movement of 115.50 BTC. A final transaction took place on February 23, 2017, in which 93.49 BTC were dispersed from the wallet.

Transaction Privacy Ratings

The privacy ratings of these transactions varied. The transfer of 125 BTC from the 2017 wallet received a critical privacy rating. This indicates a high level of traceability, as identifiable matched addresses were involved in the transaction. The movement of 115.50 BTC from the 2013 wallet received a low privacy rating, indicating a relatively lower traceability level.

Other Recent Activity of Sleeping Bitcoin Wallets

January 2024 has seen limited activity from sleeping Bitcoin wallets, particularly those from the 2010, 2011, and 2012 periods. Two movements were observed from 2010 addresses, including a small dust transaction of 0.00000547 BTC and a dispersal of 50 BTC from a 2010 block reward. Additionally, 95 BTC were moved in four separate transactions from addresses originating in 2011. Only two transactions were noted from 2012 addresses, totaling 20 BTC.

Comments and Opinions

The awakening of dormant Bitcoin wallets from 2013 and 2017 over the weekend has sparked discussions among cryptocurrency enthusiasts. The sudden activity from these long-inactive addresses raises questions about the motives behind the transactions and the impact they may have on the market. Users are invited to share their thoughts and opinions on this topic in the comments section below.

Transfer of 125 BTC from a 2017 Wallet

Details of the Wallet

The wallet from which the transfer of 125 BTC occurred was created on May 2, 2017. It had remained dormant for six years and eight months until this recent activity.

Transaction and Privacy Analysis

The transfer of 125 BTC from this wallet attracted attention due to its critical privacy rating. The privacy-o-Meter assigned this transaction a score of 3 out of 100, indicating a high level of traceability. Identifiable matched addresses were involved in the transaction, raising concerns about the privacy and anonymity of the parties involved.

Movement of 115.50 BTC from a 2013 Wallet

Details of the Wallet

The wallet involved in the movement of 115.50 BTC was established on August 28, 2013. It had remained inactive for a decade and four months.

Transaction and Privacy Analysis

The movement of 115.50 BTC from this wallet received a relatively low privacy rating. The privacy-o-Meter assigned a score of 45 out of 100, indicating a moderate level of traceability. While not as critical as the 2017 transaction, identifiable matched addresses were still identified in this transaction.

Dispersal of 93.49 BTC from a 2017 Wallet

Details of the Wallet

The wallet from which the dispersal of 93.49 BTC occurred was created on February 23, 2017. It had remained dormant for six years and 11 months.

Transaction and Privacy Analysis

The dispersal of 93.49 BTC from this wallet received a privacy rating similar to the 2013 transaction, indicating a low level of traceability. The privacy-o-Meter assigned a score of 45 out of 100, suggesting that identifiable matched addresses were involved in this transaction as well.

Critical Privacy Rating for the 2017 Transaction

Explanation of the Privacy Score

The critical privacy rating assigned to the 2017 transaction signifies a high level of traceability. This means that there are identifiable matched addresses associated with the transaction. These matched addresses can potentially provide insights into the parties involved and their activities within the Bitcoin network.

Identifiable Matched Addresses

Identifiable matched addresses were identified in the 2017 transaction. This raises concerns about the privacy and anonymity of the individuals involved in the transaction. The presence of identifiable matched addresses can potentially expose the identities and activities of the parties, contradicting the pseudonymous nature of Bitcoin transactions.

Movements from 2012 Addresses

Only Two Transactions, Totaling 20 BTC

In contrast to the higher number of transactions from 2010 and 2011 addresses, there were only two transactions from 2012 addresses. These transactions involved a total of 20 BTC. While the significance of these movements may be relatively lower compared to other periods, they contribute to the overall activity observed among sleeping Bitcoin wallets.

The recent movements of over $14 million in Bitcoin from long-inactive addresses have attracted attention within the cryptocurrency community. The transactions from wallets established in 2013 and 2017 have raised questions about their motives and the impact they may have on the market. The varying privacy ratings of the transactions reflect the traceability levels associated with each transaction, highlighting the need for privacy-conscious practices within the cryptocurrency space. As the Bitcoin market continues to evolve, it is crucial for participants to stay informed and vigilant in understanding the implications of such activities.