A Bitcoin wallet from the earliest days of the cryptocurrency has moved 150 BTC, more than 14 years after its last activity. The wallet, which mined 4,000 BTC between April and June 2009, had remained dormant since 2011.
At current market prices, the transferred coins are worth approximately $442 million. The movement has drawn attention from analysts and on-chain observers due to the wallet’s historical significance, though experts caution against assuming it signals a sell-off.
Bitcoin was trading around $111,287 at the time of the transfer, up 2.24% over the past 24 hours. Market sentiment remains cautious, with the Crypto Fear and Greed Index at 32 and Bitcoin’s relative strength index (RSI) showing signs of short-term bearish control.
Analysts note that similar reactivations in 2021 and 2023 did not result in major sell-offs. In those cases, the coins were later traced to internal reorganizations or transfers to more secure addresses rather than liquidation. Possible explanations for the latest movement include modernizing storage, estate planning, or testing transactions after years of inactivity.
The transfer comes shortly after another Satoshi-era whale swapped 35,991 BTC for 886,371 Ethereum, a transaction worth roughly $4 billion. Analysts say these moves point to a broader reshuffling of early crypto holdings, with veteran investors quietly adjusting their positions in preparation for the next market cycle.
While such wallet awakenings can generate short-term speculation, experts say the event is more of a historical curiosity than an indicator of market instability.
