$BTC

Since June 19, the statistics of btcparser.com show a wave of long-inactive bitcoin addresses, originally created in 2017, that transferred a total of 801.58 BTC within 72 hours. The initial movement took place on June 19, when a Pay to Public Key Hash (P2PKH) address moved approximately 35 BTC at block height 901916. This address had been inactive since its creation on June 23, 2017.

Of this amount, 34.949 BTC was directed to a new P2PKH change address, and 0.05 BTC — just over 5,200 USD — was sent to a modern Bech32 wallet. This Bech32 address previously received two separate deposits: one for 3 BTC and another for 0.95 BTC. However, the wallet currently only holds 1 BTC, after an outgoing transaction involving 3 BTC.

On June 20, the activity continued as 14.13 BTC was transferred from a P2PKH wallet generated on July 19, 2017. The funds were split among three Bech32 addresses and one multi-signature Pay-to-Script-Hash (P2SH) wallet. These bitcoins ultimately converged in a Bech32 address, which now holds 26.163 BTC – about 2.71 million USD at current rates.

By June 21, the pace accelerated as six older wallets moved a total of 752.45 BTC, all associated with addresses created on May 2, 2017. The first transaction involved 17.89 BTC, followed by transfers of 32.14 BTC and 30.99 BTC. Then there was a significantly larger movement: 116.67 BTC, quickly followed by another transfer of 54.78 BTC from yet another wallet from May 2, 2017.

But the finale was the most striking — an address containing 499.98 BTC moved its funds for the first time in over eight years. The revival of these long-unused bitcoin wallets from 2017 suggests intentional coordination, likely among early holders reacting to current valuations or changing financial incentives.