Based on the latest data, July proved to be a significant month for the stagnant Bitcoin activity, with a massive $9.69 billion of vintage cryptocurrency being revived. Kicking off August with more activity, an address untouched for over 12 years suddenly became active again - moving $35.36 million worth of Bitcoin for the first time.
The Classic Revival of Bitcoin
July turned out to be an intriguing chapter for classic Bitcoin trading activities—especially on July 4, when an entity shuffled over 80,000 BTC into 10,000 coin portions, ultimately transferring this amount to Galaxy for liquidation.
Statistics from btcparser.com show that Bitcoin dormant since 2011 attracted attention in July, leading a wave of classic awakenings in the month with 80,056.20 BTC moved through 13 separate transactions.
Contributing to this revival, five classic wallets from 2010 were created, spending 250 BTC — all related to the original Coinbase reward mined right after Satoshi Nakamoto left. Activity from the 2012 wallets was quite modest, with six transfers totaling 110.00 BTC. Meanwhile, the 2013 wallets accelerated — 35 addresses from that year released 1,642.80 BTC.
Wallets created in 2014 experienced virtually no volatility, spending a total of only 42.21 BTC. Similarly, 2015 also witnessed very little volatility, with only two addresses spending around 132.11 BTC throughout the month. In contrast, the 2016 wallets saw a bit more volatility, with 676.62 BTC transferred across 13 different sends.
The most active segment in the 'young classic' group is the 2017 wallets—64 of which transferred a total of 955.79 BTC. In total, 83,865.75 BTC, worth approximately $9.69 billion, was transferred in July through 142 on-chain transactions permanently recorded on the blockchain.
Then came August 1, kicking things off impressively. Today, a single address created on March 25, 2013 suddenly became active again, moving 306 BTC. At the time of mining, Bitcoin was trading at $70.71, making this amount worth $21,637.26. 12 years later, the same amount is now valued at $35.36 million - an astonishing growth of 163,285.54%.
