'Sleeping Bitcoin' Spends Slow Down Considerably in 2022, as 92 Decade-Old BTC Worth $1.79 Million Wake Up
While the price of bitcoin has remained range bound and coasting along just above the $19K zone, over 60% of the bitcoin in circulation has not moved in a year or more. Moreover, there’s been very few transfers from bitcoins stemming from 2010, and it’s been more than two months since the last 2010 block subsidy transfer. Meanwhile, 2011 block subsidy transactions have appeared every now and then, and on October 25, 2022, approximately 92.76 bitcoin worth roughly $1.79 million from 2011 were transferred to unknown wallets. 2010, 2011 ‘Sleeping Bitcoin’ Spending Slows — 92 Bitcoin From 2011 Transferred on Tuesday On October 24, bitcoin supporters celebrated the number of bitcoin (BTC) that haven’t moved in a year or more. The bitcoiners shared a chart from Glassnode that indicates more than 60% of the BTC in circulation has not moved in a year or more. Glassnode chart shared on r/bitcoin on October 24, 2022, showing that more than 60% of BTC ...