$41.8 Million in Dormant Bitcoin Moves as BTC Hits $126K High
Bitcoin hit an all time high of $126,272 on October 6th, 2025 according to Bitstamp. By the next day it cooled to around $120,648...
Quick overview
- Bitcoin reached an all-time high of $126,272 on October 6, 2025, before cooling to around $120,648.
- A total of 342.77 BTC, valued at $41.8 million, was moved from long-dormant wallets, primarily from 2013.
- Notable transactions included 100 BTC sent to a flagged Kraken deposit address, indicating potential liquidation.
- The activity from old wallets suggests long-term holders are strategically repositioning their portfolios amid market strength.
Bitcoin hit an all time high of $126,272 on October 6th, 2025 according to Bitstamp. By the next day it cooled to around $120,648 and has been ranging between $121,500-$122,500.
During this rally long dormant Bitcoin wallets showed activity. Data from BTCparsers showed 342.77 BTC ($41.8 million) moved for the first time in years. Most of these coins were mined or accumulated between 2013 and 2017 so it looks like early adopters are repositioning their holdings as the market strengthens.
Key points:
- Bitcoin peaked at $126,272 on Oct 6.
- 342.77 BTC ($41.8 million) reactivated.
- Most movements came from 2013 wallets.
Old Wallets Wake Up After Years of Silence
The blockchain shows a wave of old wallet activity. Most of it came from 2013 wallets which moved 122.62 BTC in multiple transactions. One notable transfer was 100 BTC (now worth over $12 million) sent to a flagged Kraken deposit address – likely for liquidation or portfolio diversification.
Other notable movements:
- 11 transactions from 2016 wallets reactivated after nearly 9 years.
- 2 wallets from 2017 moved 20.49 BTC ($2.5 million).
- Total transferred: $41.8 million Oct 6-7
This kind of activity usually means long term holders (sometimes called whales) are adjusting their portfolios at cycle tops.
What Dormant Wallet Activity Means
Long inactive Bitcoin wallets usually wake up at major market milestones. Analysts see this as profit taking, strategic repositioning or renewed optimism in the asset.
Even after the slight cool down from the all time high Bitcoin is still stable above $120,000 and that shows strong demand and institutional confidence. The reactivation of coins not touched for over 10 years not only shows the resilience of the Bitcoin network but also the changing behavior of early investors who now move with precision rather than panic.
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