In the past day, Bitcoin (BTC) experienced a remarkable rise, reaching a high of $125,337.53 as the bullish trend in the cryptocurrency market persisted. This price increase led to the reactivation of an inactive Bitcoin wallet containing 691 BTC. According to Whale Alert, an on-chain tracking service, this address has now liquidated its holdings through multiple transactions.
A dormant Bitcoin from the Satoshi era has come back to life with significant impact. The total value realized from this sale amounted to $86,437,802 at an average selling price of $125,056.15 per coin. This transaction marks a staggering profit margin of 82,355% for this address that remained inactive between 2012 and 2013.
This particular wallet is evidently one from Bitcoin’s early days when BTC was mined and traded well below $1,000 per coin. Such long-held addresses often capture market interest due to their historical significance and prolonged inactivity before any selling activity occurs.
💤 💤 💤 💤 💤 💤 A previously dormant address holding 691 #BTC (worth $86 million) has been activated after lying idle for over twelve years! It was valued at just over $104k back in 2013! https://t.co/AZnqoGqf5A
— Whale Alert (@whale_alert) October 6, 2025
The coins sold from this period are drawing considerable attention as it coincides with the anniversary month marking seventeen years since the release of the Bitcoin white paper by Satoshi Nakamoto on October 31, 2008.
This foundational email titled “Bitcoin P2P e-cash paper” sent out by Nakamoto laid down principles that have culminated in substantial profits for holders like those who recently reactivated their wallets.
Beyond this instance, some other major holders or ‘whales’ have also engaged in selling activities recently; a notable transaction involved transferring 1긆 BTC worth around $200 million into Binance shortly after prices exceeded $123400 within two days;
Whale movements highlight declining exchange reserves
This movement seems aligned with observations made by Matthew Sigel, Head-of-Digital-Asset-Research-at-VanEck&period&semiHe noted potential shortages across exchanges without naming specific ones but mentioned requests received asking VanEck about purchasing Bitcoins indicating dwindling supplies.
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