A Bitcoin wallet that had been inactive for more than 13 years suddenly moved 909.38 BTC, worth around $84.6 million, on Monday, drawing renewed attention to long-dormant holdings as the cryptocurrency market shows signs of tentative stabilization.
Satoshi-era wallet reactivates
On-chain data from Arkham Intelligence shows that the wallet, labeled “1A2hq…pZGZm,” transferred its entire balance to a single address, “bc1qk…sxaeh,” at approximately 4:17 p.m. Monday. The coins were accumulated between December 2012 and April 2013, a period when Bitcoin traded from as low as $13 to highs near $250.
The identity of the wallet owner and the reason for the transfer remain unknown. Traders closely watch such movements because they often involve early adopters, sometimes referred to as Satoshi-era holders, who have left their coins untouched for over a decade.
During Bitcoin’s record-breaking rally in 2025, several long-dormant wallets reappeared, interpreted as holders realizing gains after years of accumulation. In one notable case in July 2025, a whale sold over 80,000 BTC via Galaxy Digital, generating roughly $9 billion in profits.
Bitcoin price and market trends
Bitcoin was trading near $92,153 at the time of reporting, largely steady after a weekend selloff triggered by escalating US-EU trade tensions. The asset had fallen nearly 3% from a high of $95,450 but remains up about 6% since the start of the year. Analysts describe the current price action as a consolidation phase rather than a clear trend reversal, with investors cautious amid ongoing macroeconomic uncertainty.
Spot market data suggests that sell-side pressure is easing. Analysts from Glassnode reported a “modest” increase in spot trading volume, with the net buy–sell imbalance rising above its upper statistical band. They interpreted this as a reduction in sell-side pressure, although demand remains fragile and uneven.
Gracie Lin, CEO of OKX Singapore, noted that long-term holders appear less inclined to sell during rallies, while institutional ETF flows indicate buying on pullbacks. She said that Bitcoin is increasingly treated as a portfolio hedge rather than a short-term trade, even as volatility continues.
Swissblock analysts highlighted declining network growth and a liquidity drain similar to conditions in 2022. At that time, consolidation preceded a bull run fueled by network recovery and renewed liquidity, suggesting a potential blueprint for Bitcoin’s next market phase.
The reactivation of a 13-year-old wallet adds to the intrigue surrounding Bitcoin, but current market signals point to consolidation and gradual rebuilding rather than immediate volatility.
