Idle wallets are reactivating, with BTC and ETH transfers signaling potential supply returning to exchanges.
Fresh onchain activity points to another sizable move from a long-term Bitcoin wallet. Market watchers are tracking a wallet tied to coins first acquired in 2013. Recent transfers suggest a steady pattern of sending old holdings to exchange wallets. Market participants often read such deposits as a sign that sales may follow.
On-Chain Data Shows 2013 Bitcoin Wallet Gradually Offloading Holdings
On-chain data shows renewed activity from a long-dormant Bitcoin wallet. The address moved another 500 BTC, worth about $33 million, to Binance. The transfer follows a series of recent deposits from the same address, including 1,000 BTC sent to exchanges last week.
Arkham Intelligence data indicates the wallet originally received 5,000 BTC in November 2013. Since late 2024, roughly 4,000 BTC has been transferred to Binance. At the time of writing, the address holds roughly 1,000 BTC, valued near $66 million at current market prices.
10 分钟前，[13 年前囤积 5,000 枚 BTC 远古巨鲸] 再次把 500 枚 BTC ($3328 万) 转进 Binance 卖出。
现在，他 2013 年以 $332 价格囤积的 BTC，就只剩下 1,000 枚 ($6662 万)了。◎他在 13 年前 (2013 年 11 月) 以 $332 的价格囤积 5,000 枚 BTC，然后从 2024 年 11 月开始卖出。
◎目前已经有… https://t.co/UxjoodYKpI pic.twitter.com/g0gJe3L5Zk— 余烬 (@EmberCN) March 27, 2026
No direct proof shows the latest deposit was meant for an immediate sale. Even so, transfers to major exchanges often suggest a holder is preparing to sell or redistribute funds. That pattern has drawn attention as more long-dormant wallets have become active in recent months.
Dormant Supply Awakens as Long-Held ETH and BTC Enter Circulation
Recent on-chain activity shows a broader trend of long-dormant wallets becoming active across crypto markets. In one case, an Ethereum ICO-era wallet moved 18,500 ETH, worth about $38.1 million, to a new address.
According to Lookonchain, that address later sold 11,552 ETH (at $23.4 million) across multiple transactions at an average price of around $2,027. In a separate move, another Bitcoin wallet transferred 2,100 BTC, worth roughly $147.7 million, on Friday.
The coins had reportedly remained untouched for more than 13 years, adding to the recent wave of legacy wallet activity.
