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600 BTC worth $52M moved for first time since 2012, likely wallet migration not sale

Technical Signals
23 Sep 2026
Coindesk
View Source
Neutral
600 BTC worth $52M moved for first time since 2012, likely wallet migration not sale

A Bitcoin wallet holding 600 BTC, valued at about $51.9 million, moved its coins for the first time since July 2012. The transfer appears to be a migration from an old Bitcoin address to a Native SegWit wallet, indicating a long-term consolidation rather than an immediate sale. The coins were not sent to any known exchange, and the recipient remains unknown. This move follows a trend where long-dormant wallets from early Bitcoin holders are being moved without signs of selling pressure.

The recent Bitcoin wallet movement involving 600 BTC is presented here with Pluang's market data for context. For readers following cryptocurrency trends, as of Sep 23, 2026 17:51 WIB, 36 of 50 major cryptocurrencies on Pluang rose while 13 fell. EOS gained 8.13% to Rp12.649 with a typical hold time of 87 days, contrasting with SAND's 6.54% rise to Rp796 despite a 73% sell order activity and a longer hold time of 123 days, while NEO increased 6.37% to Rp47.420 with 84% sell orders and a 95-day hold time.

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