Dormant Bitcoin From 2017 Stirs After 8 Years of Silence—801 BTC Just Moved in 72 Hours

While bitcoin has held its ground above the $100,000 threshold for 45 straight days, it has experienced a modest dip since June 16, when it peaked at $108,990 per coin. Even with the price slipping into the $103,000 to $105,000 band, a wave of long-dormant wallets from 2017 has stirred to life, unloading 801.58 BTC valued at $82.98 million over the past three days.

801 BTC in Motion: Dormant Bitcoin Wallets Break 8-Year Silence

Since June 19, btcparser.com stats show a flurry of long-dormant bitcoin addresses, originally established in 2017, transferred a total of 801.58 BTC within a 72-hour span. The initial movement occurred on June 19, when a Pay to Public Key Hash (P2PKH) address relocated roughly 35 BTC at block height 901916. This address had been inactive since its creation on June 23, 2017.

Of that total, 34.949 BTC was directed to a new P2PKH change address, while 0.05 BTC—just over $5,200—was dispatched to a modern Bech32 wallet. That Bech32 address had previously received two separate deposits: one of 3 BTC and another of 0.95 BTC. However, only 1 BTC currently remains in the wallet, following an outbound transaction involving 3 BTC.

On June 20, activity continued when 14.13 BTC was transferred from a P2PKH wallet generated on July 19, 2017. The funds were split among three Bech32 addresses and one Pay-to-Script-Hash (P2SH) multi-signature wallet. These bitcoins ultimately converged in a Bech32 address now holding 26.163 BTC—approximately $2.71 million at current rates.

By June 21, the tempo escalated as six legacy wallets moved a collective 752.45 BTC, all tied to addresses created on May 2, 2017. The first transaction involved 17.89 BTC, followed by transfers of 32.14 BTC and 30.99 BTC, respectively. Then came a significantly larger movement: 116.67 BTC, quickly followed by another shift of 54.78 BTC from yet another May 2, 2017 wallet.

But the finale was the most striking—an address harboring 499.98 BTC moved its funds for the first time in more than eight years. The synchronized reawakening of these long-idle bitcoin wallets from 2017 hints at deliberate coordination, possibly among early holders responding to present-day valuations or evolving financial incentives.

While the majority of the transfers originated from legacy Pay to Public Key Hash (P2PKH) wallets and landed in more modern Bech32 addresses, a few defied that pattern. Whether strategic exits or internal reshuffling, such movements subtly reflect the enduring presence of veteran participants who continue to shape the network’s liquidity dynamics—quietly, but with undeniable weight in the ongoing evolution of bitcoin’s monetary gravity.