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Revived Supply Tops 227,000 $BTC
On-chain data shows roughly 227,196.10 Bitcoin ($BTC) coins acquired before 2019 were reactivated during 2026, the broadest measure yet of how much aged supply has stirred this year. The number comes from a revived supply metric that sorts reactivated coins by the year they were originally obtained, charted in the revived supply by acquisition year series. Its breakdown points away from the network's earliest years: 186,123.72 $BTC, or 81.9% of the total, sat in coins bought between 2015 and 2018, another 27,653.01 $BTC (12.2%) date to 2012 through 2014, and only 13,419.37 $BTC (5.9%) predate 2012. The bulk of the revival therefore comes from holders who accumulated after the last major halving cycle began, not from the founding generation, and the pattern has held for watchers of dormant Bitcoin across the year, with activity clustering in wallets old by any standard yet not the oldest in existence. The metric records when coins move, not why, and it does not by itself establish that any of the 227,196.10 coins were sold; a decade-old HODL position does not end simply because its coins change addresses. Measured against the Bitcoin ($BTC) price, the scale is considerable, and it marks 2026 as a year of re-entry for long-dormant whales, led by coins picked up between 2015 and 2018. The dataset sits alongside an address-level record of specific inactive wallets, and together the two offer a complementary picture of which generations of holders were most active. Which individual wallets did the moving, and in what pattern, is a question that record answers, and some of its answers are unusual.
873 Transfers From Watched Addresses
The address-level record, maintained by the Btcparser monitoring service, follows 64,529 historically inactive addresses with coverage extending to wallets opened through July 2017. Between January and October it logged 873 transfers out of dormant addresses carrying roughly 33,932.19 Bitcoin ($BTC), worth about $2.49 billion at prevailing rates, an average of 112 $BTC a day, with Bitcoin trading near $73,600 at the time of the count. Activity was uneven: the first quarter produced 217 transfers totalling 8,837.55 $BTC, the second 9,824.29 $BTC, and July through September was the busiest stretch at 312 transfers and 13,111.20 $BTC. August alone carried 188 transfers and 6,427.59 $BTC, about 214 $BTC a day; July was the quietest month at 30 transactions and 1,264.16 $BTC. The oldest coins supplied the sharpest moments, several dating to the network's first proof-of-work years. On January 10, a Saturday, 40 addresses created between July and December 2010 collectively moved 2,000 $BTC inside two minutes in block 931668, each holding roughly the 50 $BTC mining reward of that era and firing at three-second intervals, the largest single day of the year. Addresses tracing to March 2010 drained their original 50 Bitcoin ($BTC) balances within 11 minutes on September 5, and 2010-vintage wallets have moved about 2,840 $BTC year to date through October, with 2011 wallets adding at least 815.99 $BTC; none of the recorded transfers match the Patoshi pattern. Four addresses created on January 23, 2016 each moved exactly 500 $BTC, on March 24, May 19, July 2 and October 20, a combined 2,000 $BTC or about 5.9% of everything tracked, while a wallet from the same vintage executed the largest single transfer, roughly 1,260.78 $BTC in early September. By generation, 2014 wallets led with 8,134.20 $BTC, 2016 followed at 7,941.98 $BTC, and weekends carried 44.3% of first-half volume.
