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A dormant Bitcoin wallet moved 500 BTC worth $41M after 10 years, signaling major long-term holder activity.

Market News
20 Oct 2026
Bitcoin
View Source
Bullish
A dormant Bitcoin wallet moved 500 BTC worth $41M after 10 years, signaling major long-term holder activity.

A Bitcoin wallet inactive since 2016 transferred 500 BTC valued at $41.33 million to Coinbase, likely cashing out after a nearly 19,000% gain. This move is part of a broader trend in October 2026, where 23 dormant wallets have moved a total of 1,745.615 BTC worth over $143 million. Such activity highlights renewed interest or repositioning by long-term Bitcoin holders amid the cryptocurrency's price surge above $82,000. This could indicate potential market shifts or profit-taking by early investors.

Bitcoin wallet activity is notable as of Oct 21, 2026 01:21 WIB. For readers following major cryptocurrencies, 44 of 50 rose today on Pluang. EOS gained 8.13% to Rp12.649 with a typical hold time of 87 days. AXS fell with 100% sell orders at Rp18.981, and COTI rose 5.44% to Rp202 with mixed order activity and a 121-day hold time.

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