Decade-Old Bitcoin Wallets Transfer $40M Away From Crypto Exchanges
Dormant Bitcoin wallets inactive for over ten years moved $40 million, with onchain data indicating the funds were not sent to exchange order books.
Six Bitcoin addresses that remained untouched for over a decade transferred a collective $40 million worth of BTC this month. Blockchain analysis indicates that the vast majority of the moved coins were routed to private storage setups rather than centralized trading venues.
Despite the notable transaction, research from Galaxy demonstrates that long-dormant coin activity is hovering near multi-year lows. Current onchain metrics project that total dormant supply movement throughout 2026 is pacing at less than half of the volume recorded during the prior year.
Because the transferred tokens bypassed exchange deposit addresses, the market avoided immediate spot selling pressure. The behavior suggests early adopters are engaging in internal custody restructuring rather than cashing out into fiat.
Key takeaways
- Six decade-old Bitcoin wallets transferred $40 million to non-exchange destinations.
- Long-term dormant coin movement remains at its lowest rate since 2022.
- The lack of exchange deposits limited immediate sell pressure on spot markets.