6 bitcoin wallets that have been inactive since sometime between 2011 and 2014, between August 16 and 26 transferred a total of 553.59 $BTC, worth approximately $40 million. Among them, the destination of funds from 5 wallets is unknown addresses not associated with any known exchange, while only 1 wallet transferred 40 $BTC to German crypto custody and trading service provider Boerse Stuttgart Digital.
Galaxy Research data shows that on-chain movement of dormant bitcoin fell to its lowest level since 2022 in the second quarter of this year. It is expected that total movement for all of 2026 will be less than half of last year’s. Alex Thorn, head of Galaxy Research, said that so far they have not found any whale clients they have encountered choosing to sell bitcoin due to quantum computing risks, though some institutional investors have indeed temporarily delayed new purchases for that reason. (CoinDesk)
[Odaily]
Galaxy Research data shows that on-chain movement of dormant bitcoin fell to its lowest level since 2022 in the second quarter of this year. It is expected that total movement for all of 2026 will be less than half of last year’s. Alex Thorn, head of Galaxy Research, said that so far they have not found any whale clients they have encountered choosing to sell bitcoin due to quantum computing risks, though some institutional investors have indeed temporarily delayed new purchases for that reason. (CoinDesk)
[Odaily]