Dormant Bitcoin Wallet Revives with $40 Million Transfer

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: 2 days ago

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Dormant Wallet Activity: A Bitcoin wallet inactive since November 2013 executed a transfer of 500 BTC on May 10, 2026, valued at approximately $40 million today, highlighting the significant price appreciation of Bitcoin and indicating potential market activity.
Market Psychology Impact: Although large transfers from dormant accounts are historically common, this particular transaction did not send Bitcoin to exchange accounts, suggesting the holder may not have immediate selling intentions, thus avoiding notable selling pressure in the short term.
Transfer Trend: On May 10, 2026, multiple dormant wallets from 2013 to 2017 collectively transferred 859.13 BTC, translating to around $69.47 million, indicating an increasing trend of older wallets becoming active, which could influence Bitcoin's circulation.
Transaction Data Analysis: Analysis reveals that daily transactions from dormant wallets reached $2.9 billion in October 2025, with the average coin age significantly rising to 100 days, reflecting heightened interest in older Bitcoins and potentially impacting future price movements.

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Technical Analysis for BTC

Technical Sentiment Analysis for Bitcoin (BTC). As of , Bitcoin (BTC) is exhibiting a Buy technical sentiment. Our proprietary analysis, which aggregates 3 technical signals, shows that 3 indicators are flashing buy, while 0 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for BTC stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.

Support, Resistance & Moving Averages. From a structural perspective, BTC is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.

Bitcoin (BTC) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	73683.519	75942.76	78331.519	80590.76	82979.519	85238.76	87627.519
Fibonacci	75942.76	77718.296	78815.224	80590.76	82366.296	83463.224	85238.76

About BTC

Bitcoin is a decentralized cryptocurrency originally described in a 2008 whitepaper by a person, or group of people, using the alias Satoshi Nakamoto. It was launched soon after, in January 2009.Bitcoin is a peer-to-peer online currency, meaning that all transactions happen directly between equal, independent network participants, without the need for any intermediary to permit or facilitate them. Bitcoin was created, according to Nakamoto’s own words, to allow “online payments to be sent directly from one party to another without going through a financial institution.”Some concepts for a similar type of a decentralized electronic currency precede BTC, but Bitcoin holds the distinction of being the first-ever cryptocurrency to come into actual use.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

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