Dormant Bitcoin Wallets See Surge in Activity This September
- In September, Bitcoin saw the awakening of approximately 3,790 vintage BTC from wallets created between 2010 and 2017.
- 62% of these dormant BTC movements occurred during weekends, indicating a preference for Saturday and Sunday activity.
- The largest single transfer involved a wallet from July 9, 2016, moving over a third of the month’s dormant BTC volume with a shift of approximately 1,260.776 BTC on September 6.
- A notable cluster from the year 2010 moved around 600 BTC on September 5.
- September’s dormant Bitcoin spending averaged around a dormancy period of nearly 13 years.
This month has seen significant activity in previously inactive Bitcoin wallets, with many movements taking place over weekends. The weekend concentration suggests deliberate action rather than spontaneous market responses.
With two weeks remaining in September, there is potential for this month to surpass August’s record-setting tally of dormant Bitcoin movements totaling over half a billion U.S. dollars in value. (Source)
