Decade-Old Bitcoin Wallets Move $40 Million Off Centralized Venues
Six dormant Bitcoin wallets moved $40 million this month, though overall historic coin dormancy remains historically low.
On-chain data indicates that six dormant Bitcoin addresses inactive for over a decade transferred approximately $40 million worth of BTC this month. The majority of the moved assets bypassed centralized cryptocurrency exchanges.
Research from Galaxy shows that long-dormant coin movements remain near multi-year lows. Current 2026 data indicates that total transfers from decade-old addresses are tracking well below previous yearly averages.
Because the funds were not directed toward spot exchange order books, the transfers resulted in minimal immediate sell pressure, reflecting typical long-term custody reallocations or private settlements.
Key takeaways
- Six addresses dormant for a decade transferred $40 million in BTC.
- Dormant coin activity across the network remains near multi-year lows.
- Direct exchange inflows were avoided, limiting direct spot selling impact.