$7.6 Billion in Dormant Supply, Selling Pressure 'Warning Light'..."Even 10-Year Dormant Bitcoin Has Woken Up"

▲ Bitcoin (BTC)

Approximately $7.6 billion worth of Bitcoin (BTC) that had been dormant for 5 to 15 years has moved again this year, adding to the debate about selling pressure from long-term holders in a period of price weakness.

According to crypto media outlet Bitcoin.com on May 29 (local time), a total of 103,913.94 BTC was moved from long-term dormant wallets that had not seen activity for 5 to 15 years since the beginning of this year. Based on Checkonchain data, the estimated value of this amount is approximately $7.6 billion.

The movement of long-dormant Bitcoin continued this week. On Thursday, a total of 295.63 BTC, worth approximately $21 million, moved from wallets created in 2014 and 2015. On Friday, an additional 370 BTC moved. In less than two days, the cumulative movement from long-dormant wallets exceeded 665 BTC, with a value over $48 million.

A total of 19 movements were identified on Thursday alone. This included 5 wallets created in 2014, with the largest transaction being 101.825 BTC from a wallet created on January 4, 2014. This Bitcoin was transferred to another unconfirmed P2PKH address and then split into two wallets, and has not moved again as of the time of reporting. The remaining 4 transactions moved a total of 63.81 BTC.

14 dormant Bitcoin movements were also detected from wallets created in 2015. These wallets had been inactive for over 10 years and each transferred exactly 10 BTC. The creation dates were narrowed down to two dates: May 16, 2015, and November 13, raising the possibility of a connection between the holdings.

Among the dormant Bitcoin that moved this year, 5 to 6-year-old holdings accounted for 32,585.37 BTC, and 6 to 7-year-old holdings accounted for 25,014.50 BTC. The largest portion came from 8 to 10-year-old holdings, with a total of 33,195.13 BTC re-entering circulation. The oldest group of wallets, dormant for 12 to 15 years, moved 13,118.94 BTC this year, with an estimated value of approximately $962 million.

On Friday, 9 additional movements were recorded. Eight of these wallets were created in early 2017 and moved either 40 BTC or 50 BTC each, while one wallet created on March 12, 2013, moved 20 BTC after being dormant for over 13 years. Bitcoin.com reported that since 2026, long-term dormant holdings of early holders have been steadily returning to the market, and the trend of transferring old Bitcoin wealth continues to gain momentum.

*Disclaimer: This article is for investment reference only and we are not responsible for any investment losses based on it. The content should be interpreted for informational purposes only.*