6 dormant Bitcoin wallets inactive for over 10 years moved approximately $40 million worth of BTC, most not flowing to exchanges

Odaily news: 6 Bitcoin wallets that had been inactive since 2011 to 2014 collectively transferred out 553.59 BTC between August 16 and 26, worth approximately $40 million. Of these, funds from 5 wallets went to addresses with no known exchange affiliation, and only 1 wallet transferred 40 BTC to German crypto custody and trading service provider Boerse Stuttgart Digital.

Galaxy Research data shows that on-chain movement of dormant Bitcoin fell to its lowest level since 2022 in the second quarter of this year, and it is expected that total movement for 2026 will be less than half of last year's. Galaxy Head of Research Alex Thorn stated that he has not seen any of the whale clients he interacts with selling Bitcoin due to quantum computing risks, but some institutional investors have indeed paused their purchases for this reason. (CoinDesk)