{"id":547688,"date":"2023-08-17T14:40:01","date_gmt":"2023-08-17T14:40:01","guid":{"rendered":"https:\/\/wncen.com\/?p=547688"},"modified":"2024-06-11T08:12:46","modified_gmt":"2024-06-11T08:12:46","slug":"bitcoin-wallet-1005-btc-awakens","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/bitcoin-wallet-1005-btc-awakens\/","title":{"rendered":"Dormant Bitcoin Wallet With 1,005 BTC Awakens, Sell Pressure Incoming?"},"content":{"rendered":"<p><span style=\"font-weight: 400\">An anonymous Bitcoin wallet holding 1,005 BTC recently woke up after 13 years of dormancy. This dormant wallet was one of the earliest Bitcoin wallets created, having received its first 1,000 BTC transaction in November 2010, just a little over a year after the Bitcoin mainnet launched.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">During this time of Bitcoin&#8217;s humble beginnings, its price never even broke above $0.20. However, the recent reactivation of this wallet has sparked speculation of whether a massive sell-off of the coins could be incoming.<\/span><\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">\ud83d\udca4 \ud83d\udca4 \ud83d\udca4 A dormant address containing 1,005 <a href=\"https:\/\/twitter.com\/hashtag\/BTC?src=hash&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">#BTC<\/a> (29,750,772 USD) has just been activated after 12.8 years!<a href=\"https:\/\/t.co\/rLkpUZUvfH\" rel=\"nofollow\">https:\/\/t.co\/rLkpUZUvfH<\/a><\/p>\n<p>\u2014 Whale Alert (@whale_alert) <a href=\"https:\/\/twitter.com\/whale_alert\/status\/66106369?ref_src=twsrc%5Etfw\" rel=\"nofollow\">August 14, 2023<\/a><\/p><\/blockquote>\n<h2>Cold Storage Just Turned Hot<\/h2>\n<p><span style=\"font-weight: 400\">Reactivation of old and dormant wallets containing massive amounts like this often sparks speculation about who controls them, especially as dormant wallets get reactivated from time to time.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">2023, in particular, has <\/span><a href=\"https:\/\/wncen.com\/bitcoin-news\/bitcoin-bearish-1433-btc-dormant-10-years-moves\/\"><span style=\"font-weight: 400\">witnessed a high number<\/span><\/a><span style=\"font-weight: 400\"> of these Bitcoin wallets coming back to life. According to the Spent Output Age Bands (SOAB) indicator, the number of bitcoins that are between 7 and 10 years old has demonstrated an exceptionally significant increase in the most recent months.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">Using the SOAB indicator, investors are able to determine the age of Bitcoins currently available on the market as the lifespan of bitcoins is broken down into distinct ages.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">Kirill Kretov, a developer who specializes in the creation of automated trading programs, believes that the reactivation may have been carried out by the same entity.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Considering its age, some Bitcoin investors also suggest this wallet might belong to Satoshi Nakamoto himself. However, this case would be very unlikely, as nobody knows who the Bitcoin creator actually is.\u00a0<\/span><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-medium\" src=\"https:\/\/www.tradingview.com\/x\/4oHtH922\/\" alt=\"Bitcoin price chart from Tradingview.com (whale)\" width=\"2884\" height=\"1746\"><\/p>\n<pre style=\"text-align: center\">BTC price falls to $28,500 | Source: <a href=\"http:\/\/Tradingview.com\" rel=\"nofollow\">BTCUSD on Tradingview.com<\/a><\/pre>\n<h2>Bitcoin Selling Pressure Incoming?<\/h2>\n<p><a href=\"https:\/\/www.blockchain.com\/explorer\/addresses\/btc\/12vZGymxSfbXmYB6tHYS4oM8kMYYBxDZHx\" rel=\"nofollow\"><span style=\"font-weight: 400\">On-chain<\/span><\/a><span style=\"font-weight: 400\"> data shows that the last transaction on this wallet was in April 2011, where it received 5 BTC. Data from Coinmarketcap shows that the price of Bitcoin at this time was around $1.99.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">However, due to the consistent growth of Bitcoin over the last decade, the owner of this wallet now has over $29 million worth of Bitcoin at their disposal at the current BTC\/USD exchange rates. This represents a gain of over 8.8 million percent from the wallet&#8217;s last transaction.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">This move could be bearish though if they decided to sell all of their holdings, it could introduce a fair amount of selling pressure on Bitcoin and cause the price to drop, at least temporarily. However, the owner has only moved the BTC to another wallet and not an exchange, suggesting they are more interested in HODLing &#8211; the option least likely to impact the market since the BTC would remain dormant.<\/span><\/p>\n<p><span style=\"font-weight: 400\">At the time of writing, bitcoin is trading at $28,501, down 2.24% in the last day.<\/span><\/p>\n<div class=\"disclaimer-shortcode\">Featured image from iStock, chart from Tradingview.com<\/div>\n","protected":false},"excerpt":{"rendered":"<p>An anonymous Bitcoin wallet holding 1,005 BTC recently woke up after 13 years of dormancy. This dormant wallet was one of the earliest Bitcoin wallets created, having received its first 1,000 BTC transaction in November 2010, just a little over a year after the Bitcoin mainnet launched.\u00a0 During this time of Bitcoin&#8217;s humble beginnings, its price never even broke above $0.20. However, the recent reactivation of this wallet has sparked speculation of whether a massive sell-off of the coins could be incoming. \ud83d\udca4 \ud83d\udca4 \ud83d\udca4 A dormant address containing 1,005 #BTC (29,750,772 USD) has just been activated after 12.8 years!https:\/\/t.co\/rLkpUZUvfH \u2014 Whale Alert (@whale_alert) August 14, 2023 Cold Storage Just Turned Hot Reactivation of old and dormant wallets containing massive amounts like this often sparks speculation about who controls them, especially as dormant wallets get reactivated from time to time.\u00a0 2023, in particular, has witnessed a high number of these Bitcoin wallets coming back to life. According to the Spent Output Age Bands (SOAB) indicator, the number of bitcoins that are between 7 and 10 years old has demonstrated an exceptionally significant increase in the most recent months.\u00a0 Using the SOAB indicator, investors are able to determine the age of Bitcoins currently available on the market as the lifespan of bitcoins is broken down into distinct ages.\u00a0 Kirill Kretov, a developer who specializes in the creation of automated trading programs, believes that the reactivation may have been carried out by the same entity. Considering its age, some Bitcoin investors also suggest this wallet might belong to Satoshi Nakamoto himself. However, this case would be very unlikely, as nobody knows who the Bitcoin creator actually is.\u00a0 BTC price falls to $28,500 | Source: BTCUSD on Tradingview.com Bitcoin Selling Pressure Incoming? On-chain data shows that the last transaction on this wallet was in April 2011, where it received 5 BTC. Data from Coinmarketcap shows that the price of Bitcoin at this time was around $1.99.\u00a0 However, due to the consistent growth of Bitcoin over the last decade, the owner of this wallet now has over $29 million worth of Bitcoin at their disposal at the current BTC\/USD exchange rates. This represents a gain of over 8.8 million percent from the wallet&#8217;s last transaction.\u00a0 This move could be bearish though if they decided to sell all of their holdings, it could introduce a fair amount of selling pressure on Bitcoin and cause the price to drop, at least temporarily. However, the owner has only moved the BTC to another wallet and not an exchange, suggesting they are more interested in HODLing &#8211; the option least likely to impact the market since the BTC would remain dormant. At the time of writing, bitcoin is trading at $28,501, down 2.24% in the last day. Featured image from iStock, chart from Tradingview.com<\/p>\n","protected":false},"author":594,"featured_media":547700,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[428,15232,1119,1144,78790,89151,14896],"class_list":["post-547688","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-bitcoin-whale","tag-btc","tag-btcusd","tag-btcusdt","tag-dormant-bitcoin","tag-whale"],"acf":[],"yoast_head":"\n<title>Dormant Bitcoin Wallet With 1,005 BTC Awakens, Sell Pressure Incoming?<\/title>\n<meta name=\"description\" content=\"An anonymous Bitcoin wallet holding 1,005 BTC worth $29 million recently woke up after 13 years of dormancy.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link 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Having witnessed the evolving landscape of the crypto world firsthand, Scott is able to dissect complex crypto topics and present them in an accessible and engaging manner. Scott's dedication to clarity and accuracy has made him an indispensable asset, helping to demystify the complex world of cryptocurrency for countless readers. Scott\u2019s experience spans a number of industries outside of crypto including banking and investment. He has brought his vast experience from these industries into crypto, which allows him to understand even the most complex topics and break them down in a way that is easy for readers from all works of life to understand. Scott\u2019s pieces have helped to break down cryptocurrency processes and how they work, as well as the underlying groundbreaking technology that makes them so important to everyday life. With years of experience in the crypto market, Scott began to focus on his true passion: writing. During this time, Scott has been able to author countless influential pieces that have drawn in millions of readers and have shaped public opinion across various important topics. His repertoire spans hundreds of articles on various sectors in the crypto industry, including decentralized finance (DeFi), decentralized exchanges (DEXes), Staking, Liquid Staking, emerging technologies, and non-fungible tokens (NFTs), among others. Scott\u2019s influence is not just limited to the countless discussions that his publications have sparked but also as a consultant for major projects in the space. He has consulted on issues ranging from crypto regulations to new technology deployment. Scott\u2019s expertise also spans community building and contributes to a number of causes to further the development of the crypto industry. Scott is an advocate for sustainable practices within the crypto industry and has championed discussions around green blockchain solutions. His ability to keep in line with market trends has made his work a favorite among crypto investors. In his personal life, Scott is an avid traveler and his exposure to the world and various way of life has helped him to understand how important technologies like the blockchain and cryptocurrencies are. This has been key in his understanding of its global impact, as well as his ability to connect socio-economic developments to technological trends around the globe like no one else. Scott is known for his work in community education to help people understand crypto technology and how its existence impacts their lives. He is a well-respected figure in his community, known for his work in helping to enlighten and inspire the next generation as they channel their energies into pressing issues. His work is a testament to his dedication and commitment to education and innovation, as well as the promotion of ethical practices in the rapidly developing world of cryptocurrencies. Scott stands steady in the frontlines of the crypto revolution and is committed to helping to shape a future that promotes the development of technology in an ethical manner that translates to the benefit of all in the society.","sameAs":["https:\/\/x.com\/https:\/\/twitter.com\/MathersonScott"],"url":"https:\/\/wncen.com\/author\/mathersonscott1\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Dormant Bitcoin Wallet With 1,005 BTC Awakens, Sell Pressure Incoming?","url":"http:\/\/wncen.com\/news\/bitcoin-wallet-1005-btc-awakens\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/bitcoin-wallet-1005-btc-awakens\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/08\/iStock-1198722186.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/08\/iStock-1198722186.jpg?fit=1254%2C836"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Scott Matherson"}],"creator":["Scott Matherson"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["bitcoin","bitcoin whale","btc","btcusd","btcusdt","dormant bitcoin","whale"],"dateCreated":"2023-08-17T14:40:01Z","datePublished":"2023-08-17T14:40:01Z","dateModified":"2024-06-11T08:12:46Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Dormant Bitcoin Wallet With 1,005 BTC Awakens, Sell Pressure Incoming?\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/bitcoin-wallet-1005-btc-awakens\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/bitcoin-wallet-1005-btc-awakens\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2023\\\/08\\\/iStock-1198722186.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2023\\\/08\\\/iStock-1198722186.jpg?fit=1254%2C836\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Scott Matherson\"}],\"creator\":[\"Scott Matherson\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"bitcoin\",\"bitcoin whale\",\"btc\",\"btcusd\",\"btcusdt\",\"dormant bitcoin\",\"whale\"],\"dateCreated\":\"2023-08-17T14:40:01Z\",\"datePublished\":\"2023-08-17T14:40:01Z\",\"dateModified\":\"2024-06-11T08:12:46Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/08\/iStock-1198722186.jpg?fit=1254%2C836","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/547688","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/594"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=547688"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/547688\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/547700"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=547688"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=547688"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=547688"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}