‘Sleeping Bitcoin’ Addresses Moved Nearly 124,000 BTC in 2025, Data Shows A Year of Reawakened Bitcoin Supply Midyear Acceleration Culminates in July Spike Early-Era Wallets Dominate Spending Totals Throughout 2025, wallets created between 2011 and 2014 consistently represented the largest share of dormant-address spending. While later cohorts—such as wallets created in 2016 and 2017—contributed regularly to monthly totals, their individual transfer sizes were typically smaller.
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What 2025 would look like for dormant bitcoin spends if that 1 entity that spent just over 80,000 BTC was removed. Post-July Activity Returns to Typical Ranges Cohort Patterns Reveal Uneven Influence The July data illustrates this imbalance most clearly, but similar dynamics appeared throughout the year whenever wallets created between 2010 and 2012 became active. Even infrequent reactivations from these cohorts materially altered monthly totals.
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Long-Dormant Supply Remains a Market Factor FAQ What is a dormant bitcoin address?A dormant bitcoin address is a wallet that had never spent funds since its creation until it became active again. How much bitcoin did dormant wallets spend in 2025?Dormant wallets spent a combined 123,852.58 BTC during the year. Which month had the highest dormant bitcoin spending?July recorded the highest total, with 83,865.75 BTC spent. Which wallet creation years dominated spending?Wallets created between 2011 and 2014 accounted for the largest share of dormant-address spending. 
