Dormant 14-Year Bitcoin Wallet Transfers 600 BTC Worth $51 Million

Key Facts

1A Bitcoin wallet dormant for 14.2 years transferred 600 BTC valued at approximately $51.15 million.

2The wallet activity coincided with Bitcoin prices surging toward $87,000 before a slight retracement.

A Bitcoin wallet dormant for 14.2 years transferred 600 BTC valued at approximately $51.15 million. ZyCrypto reported that the activity from this early-era address coincided with Bitcoin prices surging toward the $87,000 level before experiencing a slight retracement.

Bitcoin BTC reached a peak of $87,341 late Monday, marking its highest level since January according to ZyCrypto. The coins were reportedly acquired at an average cost of about $3 per BTC and had remained untouched since November 2011, while US spot Bitcoin ETFs saw significant momentum with nearly $1 billion in net inflows recorded in late September.