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A once-dormant Bitcoin 
$103,176 wallet, belonging to a miner from the era of Satoshi Nakamoto, has suddenly shown activity after 14 years of silence. According to data shared by the on-chain analytics platform Lookonchain, an address holding 4,000 BTC moved about 150 BTC, valued approximately at $16.6 million, to another unmarked address on October 24th. Arkham’s data reveals that these Bitcoin were mined in 2009 and were consolidated into a single wallet by 2011.
Satoshi-Era BTCs Reawakened
Fourteen years ago, the 4,000 BTC were valued at just $16,400. Their current worth has soared beyond $442 million. This wallet’s resurgence indicates a reemergence of early-stage miners in the market. On the day of the transfer, Bitcoin experienced a 2.2% increase, reaching a trading price of $110,656.
Blockchain analysts have noted an increase in activity within early Bitcoin addresses since the year began. Most of these addresses belong to miners or investors active between 2010 and 2012. While these movements often lead to selling pressure, some experts assert that certain address holders are simply enhancing security by transferring assets.
The New Era of Massive Transfers
In July, a Satoshi-era whale reportedly liquidated 80,000 BTC, then valued at around $9 billion, using Galaxy Digital. September witnessed similar large-value BTC transfers from long-unused wallets, signifying a reorganization among early investors.
Experts suggest that while the 4,000 BTC transfer represents a minuscule portion of the total supply, its psychological impact is significant. Such transactions highlight a renewed interest from Bitcoin’s early miners.
