Sleeping Bitcoins worth hundreds of million woke up after BTC's price high in mid -November -

Sleeping Bitcoins worth hundreds of million woke up after BTC's price high in mid -November -

On Sunday, December 19, a dormant address that had received 235 Bitcoins in 2013 was activated after more than nine years. The price of Bitcoin has dropped after he reached his all -time high on November 10th, and throughout the entire December records show that a large number of so -called "sleeping bitcoins" were activated during this period.

sleeping addresses awaken after years of sleep

The day on which bitcoin (btc) on November 10th reached an all-time high at 69,000 US dollar per unit, a miner from 2010 1,000 sleeping bitcoins output and 1,000 bitcoin-bargeld (bch) as well. The 1,000 bitcoins came from 20 block rewards, which were dismantled well over a decade ago in 2010. The same entity gave a further 1,000 BTC from and 1,000 bch the next day. In addition, a single block of 2010 worth 50 btc or 2.3 million US dollars were issued on November 3.

Sleeping bitcoins are addresses that hold btc , but the coins have not moved for many years. In November 2021 about 2,050 btc from 2010 was transmitted by a mystery wal. The same Mystery Wal has output tens of thousands of "sleeping Bitcoin" since mid-March 2020.

In November, a total of 11 block rewards that were ten years old and were dismantled in 2011 were activated and sent to new btc addresses. That is a total of 550 btc worth $ 25.8 million to today's Bitcoin changes. So far for the month of December 2021, a total of four 2011 block rewards with 200 btc was activated. No block premiums were issued for 2010, but seven blocks from 2012 were activated, 14 blocks from 2013 and five blocks from 2014.

Today a dormant address from 2013, which originally 235 Bitcoin had for the first time in 9.1 years Expenses of 100 btc . The address still has 135.80 btc and the privacy-o-meter of blockchair explains that the transaction with a data protection value of 0 was sent and "critical" Had data protection concerns. A transaction weak point that was found in the transaction was "identified in agreement". On Thursday, December 16, a resting address with 225 bitcoins was activated after 8.4 years. The The address spent approximately 25 btc worth 1.1 million US dollars and still holds 200 btc . These two whale addresses did not issue the corresponding bitcoin-bargeld (bch) and bitcoinsv (bsv) .

"waking up" does not necessarily mean "sold"

on November 22nd A resting address had 187 bitcoins for eight years, moved around 13 btc and held 174.43 btc in the wallet. The corresponding wallet bch and bsv still hold 187 coins and were not spent. Two days earlier on November 20, another wallet with sleeping bitcoins was activated, the stand Wal-address a whopping 1,299.98. issued btc on this day worth 61 million US dollars, but the 1,299 were not spent bch and BSV .

In the course of November on November 10th and 11th, two other idle addresses with old bitcoins were activated. On November 11th an address with 234 btc was activated after 7.5 years and unloading 53.16 BTC on this day . The day before, if btc tapped 69,000 US dollar per unit and the mysterious whale gave 1,000. from btc from 2010, a resting address from 2013 or 8.1 years ago. The address is postponed by 2,207.60 btc or bitcoin worth 103.7 million US dollar to today's exchange courses.

Anyway, the owners of very old Bitcoin wallets decided for the first time in many years to transfer their coins. It is worth noting that the terms "output" or "output" in this article do not necessarily mean that the bitcoins for Fiat or another crypto asset were "sold" to a third party.

The so -called "sleeping bitcoins" could have been sold or only transferred to various wallets. Many of these wallets move coins from legacy bitcoin addresses to addresses that support Segregated Witness (Segwit) addresses (Bech32). Although most of the popular crypto exchanges support Bech32 addresses worldwide and many of these coins could have been sold very well for Fiat.

What do you think of all the old wallets that wake up after many years of sleep in November and December 2021? Let us know your opinion on this topic in the comments below.

Jamie Redman

Jamie Redman is News Lead at Bitcoin.com News and a Finanztech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open source code and decentralized applications. Since September 2015, Redman has written more than 4,900 articles for Bitcoin.com news about the disruptive protocols that arise today.


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