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News Explorer — ‘Ancient’ Bitcoin Changes Wallets After 12 Years Dormant

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May 13, 8:49 pm
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‘Ancient’ Bitcoin Changes Wallets After 12 Years Dormant

Bitcoin bought in 2011 came back to life on Thursday, when 139 Bitcoin belonging to address 1H1Ab6 moved into a newly created Segwit address. Ancient Supply refers to Bitcoin purchased at least 7 years ago, and this year has seen a significant amount of movement from these coins. Glassnode offers insight into the movements, suggesting that dormant coins become increasingly unlikely to sell after 155 days.

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