Lost or Just Waiting to be Spent? The Curious World of Sleeping Bitcoins Explained
Main Idea
The article discusses the recent movement of 80,000 long-dormant bitcoins, known as 'sleeping bitcoins,' and explores their significance in the cryptocurrency market.
Key Points
1. 80,000 bitcoins that had been inactive since 2011 were recently moved to new addresses, drawing significant attention.
2. Sleeping bitcoins are those that remain untouched in wallets for extended periods, sometimes over a decade.
3. A notable example includes a transaction of 13.559 BTC (worth $1.479 million) from a wallet that had been dormant since 2011.
4. Approximately 17% of all BTC (around 3.32 million) have not moved in five years, and 30% (over 6 million BTC) have been inactive for ten years.
5. An estimated 1.2 million of the untouched bitcoins are believed to have been mined by Satoshi Nakamoto.
Description
This past week, 80,000 long-dormant bitcoins—often dubbed “sleeping bitcoins”—were suddenly on the move, shifting to fresh addresses for the first time since 2011. The dramatic relocation caught plenty of eyes, sparking curiosity and chatter across the crypto space. Here’s a deep dive into what sleeping bitcoins are all about—and why they matter so much. Bitcoin
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