Crypto Wallet Moves Bitcoin Stash After a Decade of Inactivity

A Bitcoin wallet that had been dormant for 10.8 years recently moved 24 BTC, marking a significant gain.

Data from Whale Alert reveals that a Bitcoin wallet, untouched since November 2013, has been activated. The 24 BTC in the wallet, initially valued at around $10,915, is now worth approximately $1.46 million—a gain of 13,245%.

The reason for this sudden move is unclear, but it may indicate the holder is cashing out after a lengthy period of inactivity. Despite the large gain, this amount is small relative to the overall Bitcoin market.

Additionally, analyst Checkmate noted that 80% of Bitcoin held by short-term investors (those who bought within the last 155 days) are currently at a loss.

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This could lead to potential sell-offs, but these losses represent only about 4% of Bitcoin’s total market cap.

Alexander Stefanov

With over 8 years of experience in the cryptocurrency and blockchain industry, Alexander is a seasoned content creator and market analyst dedicated to making digital assets more accessible and understandable. He specializes in breaking down complex crypto trends, analyzing market movements, and producing insightful content aimed at educating both newcomers and seasoned investors. Alexander has built a reputation for delivering timely and accurate analysis, while keeping a close eye on regulatory developments, emerging technologies, and macroeconomic trends that shape the future of digital finance. His work is rooted in a passion for innovation and a firm belief that widespread education is key to accelerating global crypto adoption.