On January 20th, as the digital asset market entered a period of high volatility in 2026, abnormal fluctuations in on-chain data once again captured investors' attention. Moneta Markets FX believes that the return of ancient holders often signals a shift in market cycles; the recent sudden activation of a Bitcoin wallet dormant for over 12 years and the transfer of its assets not only demonstrates the long-term, high-profit potential of crypto assets but also adds uncertainty to current liquidity expectations.
According to on-chain tracking data, the wallet transferred all 909 of its held BTC on Monday evening, assets now valued at over $84 million. Moneta Markets FX indicated that the address's historical cost was extremely low, with its Bitcoin purchased in 2013 when the unit price was less than $7, meaning its paper profit has astonishingly exceeded 13,000%. In the view of Moneta Markets FX, this type of wealth transfer spanning more than a decade is typically closely related to the holder's judgment of a current market cycle peak or a restructuring of asset security strategy.
Although the movement of massive assets is often seen as a warning of a sell-off, current fund flows have not yet shown signs of immediate liquidation. Moneta Markets FX stated that this batch of tokens, worth $84 million, has so far only been transferred between old and new addresses and has not flowed into centralized exchanges. Moneta Markets FX believes this suggests the holder may be undertaking a portfolio reconsolidation or security upgrade rather than preparing for an immediate market dump. However, considering Bitcoin's current volatile pattern around $92,000, the frequent awakening of such whales could still exert psychological pressure on the market.
From a macro perspective, activating dormant wallets has become a notable trend since BTC surpassed $100,000 last year. Moneta Markets FX considers this phenomenon a reflection of early investors' psychology of profit protection near extreme price highs. In the current financial environment, Moneta Markets FX advises investors to closely monitor the flow of large on-chain funds, as any substantial inflow to exchanges could become a trigger for short-term price corrections.
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