Vintage Bitcoin wallets stir as old holders move funds

Long-dormant bitcoin wallets have reappeared as prices softened, with several early holders moving large amounts of BTC.

A wallet inactive for more than 13.5 years transferred 909.37 BTC worth about $84.2 million earlier this week.

The funds were moved from a legacy Pay-to-Public-Key-Hash address to a newer SegWit wallet, according to onchain data.

Days earlier, two wallets created in 2016 shifted more than 1,087 BTC valued at over $100 million.

Another early address from 2013 transferred 200 BTC into a SegWit wallet as part of the same trend.

Onchain trackers reported that the 909 BTC originated from a wallet first created in June 2012.

Smaller transfers from similarly aged wallets were also detected around the same period.

Analysts said the activity suggests early bitcoin holders are reorganising long-held funds rather than selling immediately.

The movements come as bitcoin prices drift lower, drawing attention to dormant supply re-entering circulation.

At the time of reporting, Bitcoin price was $88,958.48.