85 Bitcoins Moved from Dormant Wallet

A Bitcoin (BTC) address that had been inactive since the end of 2012 has moved 85 coins after 13.6 years. At the time of the transfer, the value was approximately $5.4 million (about 760 million won). Galaxy Research captured the fact that this address sent 85 Bitcoins at block height 962114 through on-chain monitoring. The address had been dormant since December 29, 2012, and the average acquisition cost of the holdings was estimated to be around $13. Galaxy Research estimated the unrealized profit of this address to be about $5.4 million. Unrealized profit is calculated as the difference between the current value and the acquisition cost, distinguishing it from actual sale profits. Movements of long-dormant addresses have continued recently. From August 1 to 10, a total of 2,209.05 Bitcoins were moved from dormant addresses, which is 74.7% more than the total movement of 1,264.16 coins in July. The movement of assets from dormant wallets cannot definitively indicate a sale. Funds can also be moved for reasons such as changing storage addresses or security maintenance, and the purpose of this transfer and the wallet owner have not been disclosed.

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