#BTC

In a rare and remarkable event last Friday, more than 80,000 BTC that hadn’t moved for over five years were suddenly activated on-chain.

This movement represents the third largest single day resurgence of long dormant Bitcoin ever recorded. At the time, BTC was trading near $108,000, meaning the transferred coins were worth over $8.6 billion. Such awakenings of “sleeping” #Bitcoin wallets often trigger waves of speculation are these funds being repositioned by institutions, consolidated for security, or prepared for large scale transactions 👀

Regardless of the reason, these movements highlight the massive amount of dormant capital that still exists on the blockchain, waiting quietly for the right moment to re-enter circulation. This event is a stark reminder of Bitcoin’s enduring value and the dynamic nature of its supply, even after years of inactivity.