Dormant Bitcoin wallet moves $84.6M as market eases from US-EU tariff threats

A Bitcoin wallet that had remained inactive for more than 13 years moved 909.38 BTC, worth about $84.6 million, on Monday, according to on-chain data, drawing renewed attention to long-dormant holdings as the market shows tentative signs of stabilization.

Dormant Satoshi-era wallet reactivates

Data from Arkham Intelligence shows the wallet, identified as “1A2hq…pZGZm,” transferred its entire bitcoin balance to a single address, “bc1qk…sxaeh,” at around 4:17 p.m. on Monday.

The wallet accumulated its bitcoin between December 2012 and April 2013, a period when bitcoin traded from as low as $13 to highs near $250.

The identity of the wallet’s owner and the purpose of the transfer remain unclear.

Such movements are closely watched by traders because they often involve early adopters, sometimes referred to as Satoshi-era holders, whose coins have remained untouched for over a decade.

During Bitcoin’s record-breaking rally last year, several long-dormant wallets resurfaced, a trend widely interpreted as long-term holders seeking to realize gains built up over many years.

One notable example occurred in July 2025, when a bitcoin whale sold more than 80,000 BTC through Galaxy Digital, generating around $9 billion in profits.

Bitcoin price steadies amid trade tensions

Bitcoin was trading at $92,153 at the time of writing, holding roughly steady after a sharp market selloff triggered by escalating US-EU trade tensions over the weekend.

The asset had declined nearly 3% from its weekend high of $95,450 to around $92,550, as markets continued to digest the fallout from the latest trade developments.

Despite the recent volatility, bitcoin remains up about 6% since the beginning of the year.

Analysts say the current price action reflects a consolidation phase rather than a decisive trend shift, with investors remaining cautious amid macroeconomic uncertainty.

Signs of easing sell-side pressure

Spot market data suggests internal conditions may be improving.

Analysts from Glassnode reported a “modest” increase in spot Bitcoin trading volume, "while the net buy–sell imbalance has broken above its upper statistical band.”

This development signals a “clear reduction in sell-side pressure,” although Glassnode cautioned that spot demand “remains fragile and uneven.”

“Overall, Bitcoin remains in consolidation, but internal conditions are improving,” Glassnode said, adding that markets are gradually rebuilding.

“While defensive positioning persists, strengthening buy-side dynamics and renewed institutional interest suggest a gradual rebuild toward a more constructive market structure.”

Gracie Lin, CEO at OKX Singapore, told Cointelegraph on Tuesday that the data indicates the market has absorbed much of the late-2025 profit-taking.

“Long-term holders appear less inclined to sell into every rally, while ETF flows continue to show institutions buying pullbacks,” she said.

“With fresh tariff headlines, softer growth signals across parts of APAC, and record gold prices in the background, that strengthens the case for Bitcoin being treated less as a short-term trade and more as a portfolio hedge — even as volatility remains a feature of the asset.”

Meanwhile, analysts at Swissblock pointed to declining Bitcoin network growth and a recent liquidity drain that resembles conditions seen in 2022.

Similar levels at that time “triggered a BTC consolidation phase as network growth began to recover, even while liquidity remained weak and bottomed out,” they said. “History shows that the subsequent surge in both metrics fueled the major bull run.”