Key Takeaway

Why did this wallet movement attract attention?

It’s rare for Satoshi-era wallets to reactivate, and such moves often raise speculation that early holders might be preparing to sell.

Could this wallet move cause a price drop?

Unlikely. Similar awakenings in 2021 and 2023 didn’t lead to major sell-offs, as they were later found to be internal reorganizations.

After more than 14 years of silence, a relic from Bitcoin’s earliest days has suddenly come back to life.

A Satoshi-era wallet, which mined 4,000 Bitcoin [BTC] between April and June 2009, just months after Bitcoin’s creation, has made its first move since 2011.

The long-dormant address transferred 150 BTC, reigniting curiosity among analysts and on-chain watchers.

Back when it was last active, those coins were worth barely $67,724.

At the time of writing, that same stash holds an astonishing value of $442 million, making this one of the most remarkable reawakenings in Bitcoin’s history.

This coincided with…

The timing of the wallet’s reactivation comes as Bitcoin was trading around $111,286.63, at press time, marking a 2.24% increase in the past 24 hours, according to data from CoinMarketCap.

Historically, such awakenings from early Bitcoin wallets have tended to unsettle traders, often sparking speculation that long-term holders may be preparing to sell.

This sentiment seems to be reflected in current market indicators.

For instance, Bitcoin’s RSI dipped below the neutral threshold, signaling bearish control, though a slight upward movement hints that bulls are attempting to regain momentum.