9 Dormant Bitcoin Wallets Reactivate, Moving $7.5M Amid BTC Price Drop

While bitcoin’s price was at $60,382 on July 3, it dropped significantly to $53,550 two days later before rebounding back to $56,642 by 12:50 p.m. EDT on July 5. Notably, nine dormant bitcoin wallets created in 2013, 2016, and 2017 became active on Friday, moving 133.41 BTC valued at $7.5 million. The initial three wallets, created on Sept. 12, Sept. 14, and Sept. 3, 2013, each transferred 10 BTC. The 2016 wallets that made transfers were established between November and December. The 2017 transfer involved 16.06 BTC, created on July 26 of that year. Despite the low bitcoin price on July 5, all nine of these transfers were profitable, yielding significant gains. In addition to those transactions on Friday, an address from 2011 transferred 33.99 BTC valued at $1.9 million three days ago on July 2, 2024.