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Dormant Bitcoin Wallet Moves Entire 999.953 BTC Balance Worth $78.12 Million

A dormant Bitcoin address transferred its full balance of 999.953 BTC, worth roughly $78.12 million, after staying inactive for over six years. The transaction emptied the wallet completely on Monday, November 2. The coins were first acquired when Bitcoin traded at approximately $10,727 per coin. While large movements from vintage addresses often draw market scrutiny over potential selling pressure or restructuring, neither the owner's identity nor the destination of the funds has been confirmed, and blockchain records show only a transfer between addresses rather than an outright sale.

Category

Bitcoin

Sentiment

Neutral

Event

Crypto native

Reading time

1 min