A dormant Bitcoin stash dating back more than 14 years has suddenly come alive.
On-chain data tracked by CryptoQuant shows that 50,000 BTC—last moved in the early days of the network— had recently been transferred.
According to Moreno, the movement appears to be the work of an early miner. The transactions trace back to addresses associated with old block rewards, suggesting the coins stem from mining activities during Bitcoin’s infancy. Rather than indicating any imminent sale, the transfer appears to be a consolidation of smaller UTXOs (unspent transaction outputs) into a single, larger one of about 10,000 BTC.
These types of moves are often misunderstood as sell signals, but Moreno emphasized there is no evidence of liquidation so far. The pattern instead suggests that the entity behind the transactions may be restructuring their holdings, likely for security or organizational purposes.
The activity was first flagged by analyst JA Maartun, who has been monitoring this long-dormant wallet cluster. The sudden awakening of such old coins can sometimes trigger market speculation, especially when large volumes are involved, but in this case, the market has yet to see any confirmed selling pressure.
While the transactions have stirred conversation, it’s the sheer age of the coins—and the miner’s return—that’s captured the community’s attention.
Alexander Stefanov
Reporter at Coindoo
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over 8 years of experience covering the crypto, blockchain and fintech industries, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics.
Source: https://coindoo.com/bitcoin-worth-over-5-4-billion-moved-heres-who-might-be-behind-it/