On-Chain Alert | Satoshi-Era BTC Supply Reactivates After Long Dormancy

Recent on-chain activity shows a Bitcoin wallet dormant for over 12 years has transferred more than 10,000 BTC, marking a significant reintroduction of long-held supply into the market.

Movements of this scale tend to draw close attention, as they can represent a potential liquidity event rather than routine portfolio management. Whether the transfer is related to custody changes or eventual distribution, the activation of such legacy holdings introduces notable overhead supply that the market must absorb.

Market Implication:

Until there is clarity on final destination—particularly exchange-related flows—this development increases short-term uncertainty and may weigh on current market structure. Monitoring follow-up movements will be key to assessing whether selling pressure materializes or stabilizes.

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