According to a Chainalysis report, there are a total of 1.75 million dormant BTC addresses inactive for over a decade.
A dormant Bitcoin address dating back to the Satoshi era has woken up after 10 years. The Bitcoin (BTC) wallet containing 687 BTC ($43.9 million) transferred its holdings to two different wallets on May 6.
The wallet first transferred 625.43 BTC to an address starting with bc1qky and the remaining 61.9 BTC to bc1qdc. The movement of funds from very old wallets, especially from the Satoshi era, often sparks curiosity among the crypto community.
The term Satoshi era relates to the early days after Bitcoin was created when its pseudonymous founder, Satoshi Nakamoto, was active online in forums. Some Satoshi-era wallets are often speculated to be linked to Satoshi himself.