The post Eight Dormant Bitcoin Wallets Transfer $8.7 Billion appeared on BitcoinEthereumNews.com.

Key Points: Eight dormant Bitcoin wallets move 80,000 BTC, $8.7 billion total. Market eyes potential market impacts and ownership. Unclear long-term financial effects pending further developments. Main event occurred on July 4, 2025, involving the movement of 80,000 BTC from eight dormant wallets, marking a significant shift since the last activity in 2011. The transfer renews interest in Bitcoin’s market dynamics as Lookonchain updates on crypto market trends, and these actions can affect liquidity and perception of early adopters’ intentions. 80,000 BTC Moved from Dormant 2011 Wallets Eight long-dormant Bitcoin wallets, unused since 2011, collectively transferred 80,000 BTC valued at approximately $8.7 billion. Arkham, a blockchain analysis firm, noted these wallets might belong to the same entity, but ownership remains unconfirmed. The transfer used modern address formats signifying adaption to current cryptocurrency practices. The transaction usage of updated formats suggests potential improvements in transaction security. While significant, the absence of these funds entering exchanges indicates no current intent to liquidate, according to Arkham. “The movement of these 80,000 BTC from dormant wallets is significant, suggesting possible strategic management of historic assets,” stated a blockchain research firm Arkham analyst. The market witnessed greater volatility following these transfers, though no formal statements have emerged from regulators or key figures in the cryptocurrency community. Public curiosity mainly centers on whether this heralds further moves by early adopters. Market Volatility and Historical Bitcoin Trends Did you know? Bitcoin’s significant shift in dormancy observed recently contrasts past events. Similar movements from early-era Bitcoin wallets in 2023 caused heightened market activities but didn’t crash prices unless funds entered exchanges. Bitcoin currently trades at $108,130.94, showcasing a market cap of $2.15 trillion and a 64.67% dominance. Price fluctuations reveal a modest downturn of -0.96% over 24 hours, paired with a slight weekly gain of 0.74%, according to…

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Filed under: News - @ July 5, 2025 5:25 am