With bitcoin ripping to a weekly high of $72,400, vintage coins are suddenly crawling out of cold storage at a relentless pace. Over the last 24 hours, 1,314.41 BTC moved from long-sleeping bitcoin wallets carrying a combined value of $94 million. Approximately 1,214.42 BTC ($86M) of that total movement, all stemmed from wallets first seen in 2014.
Key Takeaways
Blockchain parser btcparser.com tracked 28 dormant wallets moving 1,314.41 BTC worth $94.03 million over the last 24 hours.Bitcoin’s 2014 wallet cohort drove 92.4% of the BTC moved, with gains of at least 16,645%.Arkham entity flags show no exchange links yet for the 2014 wallets holding freshly moved BTC.Between what appears to be just one or two owners, 1,214.42 BTC worth $86 million moved from wallets created in 2014. Blockchain parsers also spotted three 2016 wallets moving 79.99 BTC and two addresses created in 2017 shifting another 20 BTC during the same window. All of these holders had steady and strong hands.
A Decade of Diamond Hands Delivers a 16,645% PaydayThe 2014 cohort had the most to gain, as bitcoin (BTC) traded between roughly $310 and $427 throughout November and December 2014. Bitcoin was trapped in one of its earliest brutal bear markets, and by mid-January 2015, prices had collapsed to roughly $152 to $170 per coin. Even using the higher end of that 2014 range, these wallets were sitting on a massive gain of at least 16,645% by Thursday.
