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Recently, an interesting on-chain discovery—an early Bitcoin address that has been dormant for 13 years suddenly moved. This time, it transferred out 909.38 BTC in one go, which, based on current market prices, amounts to a hefty $84.62 million.
When did this coin get bought? When Bitcoin was just $7 each. And now? It has increased nearly 14,000 times. Honestly, such ultra-low-cost, long-term holdings are rare on the chain. An account just quietly lay dormant for over a decade, only starting to move today.
Where this BTC is headed and what the subsequent actions will be are still unknown. But this awakening of a historic-level early holding does have some impact on market sentiment. Some see it as a sign of potential cash-out, while others think it’s just normal on-chain activity. What’s your take?