A long-dormant Bitcoin (BTC) wallet is awakening after holding funds untouched for over 14 years.
The wallet received 100 BTC on November 2nd, 2011, and remained inactive until transferring the coins in block 967732.
Galaxy Research highlights the move on X, attributing the sender to Noah Doe #3113 from address 1Mj5R3kbScUeccyiNKJnAMk6vhHppzsEq8. The research firm is spotlighting the enormous appreciation realized by the holder.
“Awakened — dormant 14+ years
100.00 BTC ($8.09M) untouched since first received 2011-11-02 (14.9y ago) — just moved in block 967732
Address: 1Mj5R3kbScUeccyiNKJnAMk6vhHppzsEq8
Sender Attribution: Noah Doe #3113
Realized PnL: +$8.09M (+2,486,052% gain) – basis ~$3 avg – held 14.9 years.
026-09-19 19:13 UTC
TXID: 5b6d2e2b631be5aca989beb47a178859f772a80f821bd706469d1f41d12a2df3.”
The wallet’s sudden activity underscores the dramatic appreciation Bitcoin has seen since its early days.
The move comes as legendary trader Peter Brandt suggests that BTC may be on the cusp of a big move.
“A bear trap immediately followed by a springboard. This is not something to be taken casually. This can be powerful.”
Meanwhile, crypto trader Ali Martinez warns that Bitcoin is flashing a bearish signal on the short-term timeframe.
“TIME TO BOOK PROFITS?
The TD Sequential has been remarkably accurate on Bitcoin’s BTC four-hour chart. Its recent buy signal helped anticipate the 8.5% rebound we’ve seen over the past few days.
Now, the indicator has flipped and flashed a sell signal.
That suggests short-term momentum may be getting stretched, and I’m watching closely for signs that it’s time to lock in some profits.”
At time of writing, Bitcoin is trading at $80,346.
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