A wallet holding 300 BTC was reactivated after 11.6 years, transferring $30 million during market volatility.
Bitcoin is currently trading around $101,000 with a 24-hour volume surge of over 32% and high price fluctuations.
Binance's trading dominance is declining, while long-term holders continue to maintain positions amid Bitcoin’s upward trend.
A Bitcoin wallet holding 300 BTC has been reactivated after remaining dormant for 11.6 years. At the time of its last activity, the coins held a combined value of just $60,000. As of the latest transaction, Cointelegraph has reported that the total value of the assets reached $30 million. This sudden movement has drawn attention from blockchain tracking services.
https://twitter.com/Cointelegraph/status/1936937285531926551
The wallet, which had remained intact since around late 2013, saw restored activity recently. It made its first transaction after more than a decade of inactivity, transferring its full balance of 300 BTC. Blockchain analysts noted the transaction took place during a period of advanced market volatility.
When the wallet was last operational, BTC was trading at approximately $200 per coin. At current market rates, the value of each has surged, marking a significant increase of around 500X over the original holding value.
Current Market Trend Revealed
Tracking the ongoing market movement as of press, CoinMarketCap data reveals that Bitcoin is trading at $101,207.90 after dropping 1.46% in the last 24 hours. The market cap decreased 1.36% to $2.01 trillion. Trading volume increased by 32.46%, reaching $63.77 billion in 24 hours
Source: CoinMarketCap
Bitcoin's price chart shows a sharp dip after reaching $102,500. The asset experienced multiple price fluctuations between $98,000 and $103,000 over the observed period. The volume-to-market cap ratio currently stands at 3.16%. The fully diluted valuation is recorded at $2.12 trillion. The chart displays continuous volatility through the last trading cycle.
Bitcoin Maintains Upward Momentum as Binance Dominance Declines
As dormant wallets have started to be active again, an observation by CryptoQuant on Bitcoin’s price movement from 2021 to mid-2025 shows a clear trend of long-term growth and resistance. Recent market data confirms Bitcoin reached above $100,000 in 2025, supported by price stability since mid-2023.
Source: CryptoQuant
The lower section of the chart tracks Binance Dominance (BD) using a 30-day Moving Average metric. This measures Binance’s trading volume share across exchanges. Three sharp volume spikes crossed the 0.60 line, marked by circles on the chart. After each spike, volume dropped and local price corrections followed closely. Currently, BD is trending lower following the third peak.
Despite shifting exchange activity, long-term wallet holders have continued to hold their positions. Bitcoin’s consistent price movement during this phase reflects market strength. The latest price recorded is $101,964.73 with no large outflows observed. The data points to reduced trading volume concentration on Binance. Trading behavior remains active within the upper price range. The overall structure of Bitcoin’s price chart still shows upward movement since 2023.
