Recent activity in the Bitcoin (CRYPTO:BTC) network has seen multiple dormant wallets from as early as 2013 and 2016 come alive, transferring a total of 1,045 BTC.

On Saturday, a wallet dormant since December 2013 moved 149.99 BTC, followed by a larger transfer of 895.11 BTC from an April 2016 wallet on Sunday, now valued at $51.3 million.

Despite Bitcoin's price below $60,000, these transactions highlight significant movements of vintage Bitcoins untouched for over a decade.

The transfers involved legacy P2PKH wallets transitioning to more modern Bech32 addresses, enhancing transaction privacy.

Reasons behind these transfers remain speculative, suggesting potential over-the-counter deals or security-related address migrations.