Bitcoin has held the ground above the $100,000 threshold for 45 consecutive days, but has experienced a modest DIP since peaking at $108,990 per coin since June 16th. Even if they slip into a band that costs between $103,000 and $105,000, the long-term purse waves from 2017 have come to life, bringing down 801.58 BTC, which is $82.58 million over the past three days.
801 btc in Motion: dormant bitcoin wallet breaks 8 years of silence
Since June 19th, btcparser.com statistics show long-term gusts of Bitcoin addresses originally established in 2017, transferring a total of 801.58 BTC within 72 hours. The first movement occurred on June 19th. This moved around 35 BTC with a pay to public key hash (P2PKH) block height of 901916. This address has been inactive since its creation on June 23, 2017.
Of that total, 34.949 BTC was directed to the new P2PKH change address, while 0.05 BTC (over $5,200) was sent to the latest BECH32 wallet. Its BECH32 address had previously received two separate deposits. One is 3 BTC and 0.95 BTC. However, following an outbound transaction that includes three BTCs, only one BTC is currently remaining in the wallet.
Source: btcparser.com
Activity continued on June 20th when 14.13 BTC was transferred from the P2PKH wallet generated on July 19th, 2017. The funds were split into three BECH32 addresses and one Pay-to-Script-Hash (P2SH) multi-signature wallet. These Bitcoins eventually converged to the BECH32 address holding 26.163 BTC.
By June 21, six legacy wallets had moved the collective 752.45 BTC, all tied to addresses created on May 2, 2017, which escalated the tempo. The first transaction included 17.89 BTC transfers of 32.14 BTC and 30.99 BTC respectively. A rather large movement occurred after that: 116.67 BTC, followed by another shift of 54.78 BTC from the wallet on May 2, 2017.
However, the finale was the most impressive. The address, which has 499.98BTC, has moved funds for the first time in over eight years. The sync of these long-idol Bitcoin wallets in 2017 suggests a deliberate adjustment, perhaps among early holders, responding to current valuations and evolving financial incentives.
The majority of the transfers stem from pay from legacy wages to public key hash (P2PKH) wallets, landing at a more modern BECH32 address, although some ignored that pattern. Whether it is a strategic exit or an internal restructuring, such movements subtly reflect the persistent presence of veteran participants who continue to shape the dynamics of network fluidity.
