Early Bitcoin Addresses Move $6M as BTC Hits $100K Milestone

• Dormant addresses holding 60 BTC worth $6.18M reactivated after over 12 years.  
• Initial values of these BTC were merely $269, now $6M+.  
• The revival indicates potential market movements or strategic asset shifts.
• Bitcoin achieves a historic $100,000 milestone, breaking previous psychological barriers.

Two dormant Bitcoin addresses have reactivated after 12 to 13 years of inactivity, sparking curiosity in the crypto community. The resurfacing of these early adopters comes during Bitcoin’s record-breaking rally.

According to on-chain data from whale trackers, one address, holding 10 BTC (now worth $1.02 million), had remained untouched since 2012 when Bitcoin was valued at just $5. Another address, holding 50 BTC ($5.16 million), was last active in 2011 when the price was only $4.38 per coin. After prolonged dormancy, these two addresses transferred a total of 60 BTC. Originally worth $269, these combined assets are now valued at over $6 million.

A dormant address containing 10 #BTC (1,023,075 USD) has just been activated after 12.5 years (worth 50 USD in 2012)!https://t.co/Nr1hIExbnv

— Whale Alert (@whale_alert)
December 5, 2024

The reactivation of such old wallets is rare and raises questions about the owners’ intentions. Some speculate it could signify asset redistribution or a shift in market strategy. Others suggest possible technological upgrades or a reemergence of early adopters. It also highlights Bitcoin’s dramatic price increase over the years.

Read also: Breaking $100K: Bitcoin Draws Parallels to Global Economic Indicators

Bitcoin Breaks Above $100,000

Bitcoin shattered records by crossing the $100,000 mark for the first time. This landmark achievement pushed its market capitalization to $2.017 trillion, placing it alongside tech giants like Apple, NVIDIA, and Microsoft. BTC’s market cap is now above Saudi Aramco, Meta Platforms, Tesla, and Berkshire Hathaway.

This surge is likely due to increased institutional adoption, growing mainstream acceptance, and ongoing scarcity. The psychological impact of breaking $100,000 has cemented Bitcoin’s position as a leading digital asset.

With Bitcoin reaching a new ATH, large-scale transactions by early investors attract attention due to their potential impact on market liquidity and sentiment.

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