Recently, there has been an interesting discovery in on-chain data—a Bitcoin early address that has been dormant for 13 years suddenly became active. This address transferred out all 909.38 BTC, which is approximately $84.62 million at current prices.

Looking further back, these coins were acquired when Bitcoin was worth less than $7. In other words, from the time of purchase to now, the value has increased by nearly 13,900 times. To hold onto these coins without moving them for so many years requires incredible mental resilience.

Such on-chain movements can actually reflect some market sentiments—every transfer by early holders can potentially influence market expectations. The volume of 909 BTC may not seem huge in today’s market, but it represents the true believers of that era.