Another Set of Long-Silent Bitcoin Wallets Move Millions During BTC Decline

Key Takeaways

Vintage Bitcoin Wallets Continue to Reactivate

Earlier this week, Bitcoin.com News reported on five bitcoin wallets established in 2014 that transferred a combined 964.85 BTC, and since that report, another, albeit smaller, wave of dormant coins has continued to reappear from long-inactive addresses. Another 2014 wallet, created on Jan. 4 of that year, transferred 103.96 BTC on May 26 at block height 951160.

The transfer was detected by btcparser.com, and the 103.96 BTC, valued at $7.8 million using current exchange rates, originated from a legacy P2PKH (Pay-to-Public-Key-Hash) wallet. The wallet transferred the funds to another legacy P2PKH address, where the holdings were later divided into two separate transactions, with at least 53.96 BTC ultimately sent to the crypto exchange Coinbase.

Blockchain explorer showing transfer flow. — Image source: The 2014 flow according to mempool.space data.

This gives the transaction a stronger likelihood of being a sale rather than a simple consolidation move. The owner of these coins would have secured a substantial return, and if the funds were truly sold, the gain would amount to roughly 9,044.11%. On Jan. 4, 2014, a single BTC traded for $823 per coin, whereas today, or at least as of 4:40 p.m. ET, BTC is changing hands at $75,256 per coin.

Back in 2014, that cache of 103 BTC was worth just $85,559, only slightly higher than the price of a single BTC today. On Wednesday, two P2PKH wallets created in 2017 and 2016 transferred 46.85468400 BTC across two separate transactions, one carrying 24.99990000 BTC and the other moving 21.85478400 BTC. The first transfer, containing 21.85 BTC, originated from a wallet created on March 10, 2017, approximately 9 years, 2 months, and 17 days ago.

The stash eventually landed in a Bech32 (Pay-to-Witness-Public-Key-Hash) wallet that now holds 28.71 BTC valued at $2.16 million. The second transfer, consisting of 24.99 BTC, also moved to a Bech32 wallet, which is currently worth $1.88 million. That particular wallet was created on Aug. 12, 2016, when BTC traded near $587 per coin.

In the case of the March 2017 wallet, BTC exchanged hands at $1,201 per coin on the 10th of that month. Both owners are sitting on substantial realized or unrealized gains after holding the coins for so many years.

This pair of transfers, however, does not indicate that the coins were moved into the bidding process for sale, as the transactions more likely reflect consolidation activity. Blockchair assigned the 2016 transfer a moderate privacy score of 55 after detecting a sweep into another address type, while the 2017 sender received the same score of 55.

Screenshot of the blockchain explorer Blockchair. — Image source: Blockchair’s privacy meter on the 2014 transfer of more than 103 BTC.

The 2014 sender that transferred 103.96 BTC, some of which eventually reached Coinbase, received a score of 45 due to sweeping behavior and multiple occurrences of the same address appearing in the transaction inputs. While bitcoin continues to hover 40% below its October 2025 all-time high above $126,000, long-dormant wallets appear increasingly willing to break years of silence and reposition old holdings.

While some of these transfers hint at potential profit-taking, others carry the fingerprints of routine wallet management rather than immediate liquidation. Either way, the steady reawakening of vintage bitcoin addresses continues to offer another reminder that a significant portion of the network’s oldest wealth still remains active beneath the surface, waiting for the right moment to move.