Satoshi-Era Wallets Stir Market Fears After $28M BTC Transfer
On September 6, 2026, seven ancient Bitcoin wallets from the Satoshi era made their first move in over 16 years. The wallets sent a total of 350 BTC, worth approximately $28 million, to new addresses.
The transferred coins were mined in March 2010, shortly after the blockchain launched. At the current price of about $79,850 per coin, each batch of 50 BTC is valued at nearly $4 million.
While the movement itself doesn't necessarily indicate selling pressure, market participants are cautious because if the funds end up on cryptocurrency exchanges or platforms with available liquidity, they could be quickly sold. The key factor is not just the awakening of old coins but what happens next: will the coins remain at their new addresses or be sent somewhere to be quickly sold?
The Bitcoin price has been recovering lately, trading above key moving averages, although momentum has weakened after attempts to break through the $81,000 level. The volume of 350 BTC looks small compared to typical daily trading, but for the blockchain, this is a rare historical episode: coins from the Satoshi Nakamoto era almost never come out of years-long hibernation.