Bitcoin Worth Over Half a Million Dollars Moves After Six Years of Inactivity
Large Bitcoin Transfer from Dormant Wallet Sparks Interest
In a recent development, 500 Bitcoins, worth approximately $46.87 million at current rates, were transferred to Coinbase Prime. This transfer, made on January 10, 2025, is significant as it marks a trend of dormant Bitcoin wallets transferring large amounts of BTC that have been inactive for over seven years.
The transferred Bitcoin was originally credited to the source address six years ago, when the price of one Bitcoin was around $7000. Since then, it had remained inactive for six years before the recent transfer.
This transfer occurred six years after the price of Bitcoin reached its all-time high of around $20,000 in December 2017, and before the price of Bitcoin began to drop significantly in 2018. The analysis of the transaction was provided by Lookonchain analysts.
The trend of activating and moving large sums from long-dormant Bitcoin wallets has noticeably increased in 2024 and accelerated in 2025. In early 2025, over 62,800 BTC that had been dormant for 7+ years were suddenly moved, more than double the 28,000 BTC moved in early 2024.
One particularly notable wallet reactivated in July 2025 after 14.5 years of dormancy, moving nearly 3,962 BTC (around $468 million) to a new address. Smaller subsequent transfers from the same dormant wallets have also been observed, such as 50 BTC ($5.7 million) sent to institutional addresses like Coinbase and Galaxy Digital in late July 2025.
These large dormant wallet movements have generated speculation about potential market impact, with some viewing them as tests of private keys or preparatory steps for possible future selling. However, as of mid-2025, no confirmed large-scale sell-off has happened. The liquidity of modern Bitcoin markets has likely tempered any significant price disruption.
The specific Twitter source for this information is here. The transferred Bitcoin is now stored in a new address, and the transaction is indicated by the tweet's attached picture (
References:
[1] Twitter Source [2] Twitter Source [3] Twitter Source [4] Twitter Source
Investors are closely watching the recent transfer of 500 Bitcoins to Coinbase Prime, as this substantial sum was originally credited to a dormant wallet over six years ago, potentially indicating a long-term holding or an opportunity for investing in the Bitcoin market. The trend of large Bitcoin transfers from dormant wallets has been increasing since 2024, causing speculation about potential market impact.
