Two dormant Bitcoin wallets activated after 14 years of inactivity, transferring 20,000 BTC worth over $2 billion.
The movement, originating from wallets inactive since 2011, occurred on July 5 without triggering immediate sell-offs or significant price volatility.
This event starkly contrasts Bitcoin’s historical price valuations, as BTC traded near $0.78 in 2011 compared to current values underlying the $2 billion transfer valuation.
Regulatory bodies are monitoring such large-scale dormant wallet activations, though the absence of market disruption has alleviated immediate concerns over sudden price impacts.
The stability following the transaction underscores growing market maturity and investor confidence in Bitcoin, where substantial transfers increasingly fail to induce volatility.