Two Bitcoin wallets inactive since 2011 have transferred 20,000 BTC valued at approximately $2.1 billion, showcasing the cryptocurrency’s market maturity amid substantial transactions.
The movement of funds, dormant for 14 years, occurred without triggering immediate price volatility. Bitcoin maintained stability at around $110,000 throughout the event, highlighting the asset’s growing capacity to absorb large transfers.
Market resilience was reinforced by current supply distribution metrics, with less than 15% of Bitcoin’s total circulating supply held on centralized exchanges. This limited exchange exposure mitigates short-term volatility risks from large transfers or wallet activations.
Industry experts emphasize that dormant wallet transfers do not inherently constitute sell pressure, noting the critical distinction between fund movement and actual market impact. The event underscores Bitcoin’s enhanced liquidity infrastructure, capable of processing billion-dollar transactions with minimal disruption to broader market equilibrium.