According to data from Galaxy Research, six Bitcoin wallets created between 2011 and 2014, which had been inactive for a long time, have resumed activity. From August 16th to 26th, a total of 553.59 $BTC were transferred from these addresses. At current prices, the total value of the transferred bitcoins is approximately 40 million dollars.
Notably, one of the moved wallets had not been active for over 15 years. This suggests that some assets from the early days of Bitcoin are once again moving across the blockchain.
According to Galaxy Research's analysis, five of the six wallets sent their bitcoins to addresses not associated with any known cryptocurrency exchange. Consequently, there are no clear signs that these transfers were intended directly for sale.
Another wallet transferred 40 $BTC to Boerse Stuttgart Digital, a German provider of cryptocurrency custody and transaction services. However, this transfer does not necessarily mean the bitcoins were sold. It is assumed that the assets could have been transferred to a custody service or moved for other purposes of institutional transactions.
Alex Thorn, Head of Research at Galaxy Digital, also noted that the activity of long-dormant bitcoins on the blockchain has recently declined significantly. According to Thorn, the activity of outdated coins, described as "sleeping bitcoin," has fallen to its lowest level since the third quarter of 2022, that is, by the second quarter of 2026.
Thorn also predicts that the total volume of transfers from long-inactive Bitcoin wallets throughout 2026 may be less than half the level recorded last year.
*This is not investment advice.
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