A bitcoin wallet that had been dormant for more than 12 years became active late Monday, transferring 909 BTC — now worth over $84 million — to a new address.
Blockchain trackers Whale Alert and Lookonchain flagged the move from the address “1A2hq…pZGZm” to “bc1qk…sxaeh.” The wallet first accumulated bitcoin in 2013, when prices were below $7, leaving the holder with unrealized gains of more than 13,000%.
The transfer fits a pattern seen since bitcoin surged past $100,000 last year, prompting long-inactive wallets holding substantial paper profits to move funds on-chain.
Such activity often fuels speculation about profit-taking that could pressure prices. However, there is no indication the bitcoin has been sent to exchanges.
Instead, the movement appears consistent with a consolidation or security-related transfer, with the funds remaining in a newly created wallet rather than being prepared for sale.
