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After the Mid-November price high of Bitcoins

, hundreds of millions of ‘Sleeping Bitcoins” woke up

Hundreds of Millions Worth of 'Sleeping Bitcoins' Woke up After BTC's Mid-November Price High

On Sunday, December 19, a dormant address that received 235 bitcoin in 2013 was activated after more than nine years of sitting idle. Bitcoin’s price has dropped lower after reaching its all-time high on November 10, and throughout December, records show a great number of so-called ‘sleeping bitcoins’ have activated during this period.

Dormant addresses wake up after years of slumber

The day that bitcoin (BTC) tapped an all-time price high at $69K per unit on November 10, a miner from 2010 spent 1,000 sleeping bitcoins and 1,000 bitcoin cash (BCH) as well. The 1,000 bitcoins stemmed from 20 block rewards mined well over a decade ago in 2010. This same entity spent another 1,000 BTC and 1,000 BCH the following day. Additionally, a single block from 2010, worth 50 BTC or $2.3 million was spent on November 3.

Hundreds of Millions Worth of 'Sleeping Bitcoins' Woke up After BTC's Mid-November Price High
Sleeping bitcoins are addresses that hold BTC, but the coins have not moved in many years. In November 2021, about 2,000 BTC from 2010 was transferred by a mystery whale. The same mystery whale has spent tens of thousands of ‘sleeping bitcoin’ since mid-March 2020.

During the month of November, a total of 11 block rewards that were ten years old and mined in 2011, were activated and sent to new BTC addresses. That’s a total of 550 BTC worth $25.8 million using today’s bitcoin exchange rates. So far, for the month of December 2021, a total of four 2011 block rewards with 200 BTC worth $9.3 million was activated. There haven’t been any 2010 block rewards spent but seven blocks from 2012 were activated, 14 blocks from 2013, and five blocks from 2014.

Today, a dormant address from 2013 that originally had 235 bitcoin activated for the first time in 9.1 years by spending 100 BTC. *The address still has 135. 80 BTC and Blockchair’s privacy-o-meter explains the transaction was sent with 0 privacy score and had “critical” privacy concerns. One transaction vulnerability seen in the transaction was “matched addresses identified.” On Thursday, December 16, a dormant address containing 225 bitcoin was activated after 8.4 years. The address spent approximately 25 BTC worth $1.1 million and still holds 200 BTC. Both of these whale addresses did not spend the corresponding bitcoin cash (BCH) and bitcoinsv (BSV).

‘Waking up” Doesn’t Necessarily Denote ‘Sold ‘

On November 22, a dormant address that had 187 bitcoin sitting ide for eight years, moved 13 BTC and kept 174. 43 BTC sitting idle in the wallet. The wallet’s corresponding BCH and BSV still hold 187 coins each and were not spent. Two days prior, another wallet with sleeping bitcoins that sat for 8.1 years was activated on November 20. The whale address spent a whopping 1,299. 98 BTC that day worth $61 million today but it did not spend the 1,299 BCH and BSV.

Two more idle addresses with old bitcoins were activated during the month of November on the 10th and 11th. On November 11, an address with 234 BTC was activated after 7.5 years and unloaded 53. 16 BTC that day. The day before, when BTC tapped $69K per unit and the mystery whale spent 1,000 BTC from 2010, a dormant address from 2013 or 8.1 years ago was activated. The address moved 2,207. 60 BTC or $103.7 million worth of bitcoin using today’s exchange rates.

Whatever the reason, owners of old bitcoin wallets decided that they wanted to transfer their coins for a first time in many years. It is important to note that the words “spent” and “spend” do not necessarily imply that the bitcoins were sold to someone for fiat or some other crypto asset.

The so-called “sleeping Bitcoins” could have been sold, or simply transferred to other wallets. Lots of these wallets see coins move from legacy bitcoin addresses to addresses that support Segregated Witness (Segwit) addresses (Bech32). Although, most of the popular crypto exchanges worldwide support Bech32 addresses and many of these coins very well could have been sold for fiat.

Editors Note: After this article published, the dormant address with 235 BTC from 2013 sent the wallet’s entire stash and the wallet is now completely empty. (12/19/21 6: 00 p.m. EST).

What do you think about all the old wallets waking up after many years of sitting dormant in November and December 2021? Please comment below to let us know your thoughts on this topic.

Jamie Redman

Jamie Redman, the News Lead at Bitcoin.com News, is a Florida-based financial journalist. Redman has been an active member of the cryptocurrency community since 2011. Redman is passionate about Bitcoin, open-source codes, and decentralized applications. Since September 2015, Redman has written more than 4,900 articles for Bitcoin.com News about the disruptive protocols emerging today.

Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This article is for informational purposes only. This article is not intended to be a solicitation or offer to buy or sell any products or services. Bitcoin.com does not provide investment, tax, legal, or accounting advice. The author and the company are not responsible for any loss or damage resulting from or in connection to the content, goods, or services discussed in this article.

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5 Best Cryptos To Buy As Bitcoin Price Heads Towards $90K

Disclaimer: This is a Press Release provided by a third party who is responsible for the content. Please conduct your own research before taking any action based on the content.


The price action of Bitcoin has witnessed a strong rebound. So analysts are now on the lookout for the best crypto to buy. This recent upsurge in Bitcoin is believed to mark the beginning of the long awaited bull run. As a result, many investors are considering altcoins like INJ, NEAR, TIA, SUI, and Remittix for huge gains. .

However, Remittix continues to shine brightly in the PayFi sector.  Read on to learn more.

Injective Teases Bullish Reversal Setup

Injective Teasers Based on Bullish Reversal If the rising channel support stays true, crypto expert Clifton Fx said, Injective might be preparing to review the upper border of the channel, a zone corresponding with past highs and denoting the next main resistance level.

On the other hand, a clear collapse below the present support would destroy the optimistic framework and maybe cause further downside and a test of less support zones. Since volatility still shapes price behavior all throughout the market, risk management is still very important.

Supported by oversold indicators and a historically meaningful support level, injective is displaying traditional signals of a bullish reversal. Coupled with rising market mood and Bitcoin’s strength, INJ might soon be on the rise, making it the best crypto to buy for those paying close attention.

NEAR Price Closes Below Support

NEAR has dropped since March 2024, according to the weekly time frame price study; it accelerated its fall from a lower high in December. Since then, the price has dropped nearly entirely without retracing, breaking from the $2.65 horizontal support range last week to a low of $1.82. The next nearest support is at the cycle lows of $1.25, which is about 40% below the present price.

Technical signals are clearly negative. Whereas the Moving Average Convergence/Divergence (MACD) is negative, the Relative Strength Index (RSI) is less than 50.

Both are declining, thereby verifying the negative NEAR trend. In 2025 the NEAR trend has been bearish, breaking off a long-term horizontal support level. Although the long run is bearish, there may be a notable short-term rebound. A breakthrough from its declining wedge may bring the NEAR price to $3.50. This makes NEAR the best crypto to buy.

Celestia (TIA) Price Outlook

Celestia is trading now between $2.31 and $4.17. Resistance lies close to $5.28; a second push is likely around $7.14; support is projected around $1.55. Bears have sway for now; the price is failing to rise higher and there is no significant directional trend. Careful trading within these ranges could test resistance and identify fresh support at the present critical level.

With a little weekly dip of 2.34%, Celestia (TIA) Price Outlook showed a 26.12% reduction over the previous month and a 59.19% fall over the last six months. With volatility characterizing their recent performance, price fluctuations have been significant and have resulted in notable changes in opinion. Indicators show a distinct downward trend throughout these periods and waning impetus as the market adapts.

SUI Price Action and Prediction

Following back-to-back Change of Character (CHoCH) and Break of Structure (BOS) pattern formations, the SUI price dropped significantly to $2.1395.

The crypto answered the CHoCH pattern fast. It happened close to $2.60, immediately reversing prices and starting a major drop.

As purchasers attempted desperately to absorb selling pressure, candle bodies hung over the $2.00 region without shattering it. Should prices continue to trade above the $2.00 support zone, a positive reversal of SUI might be seen. Should SUI close above the BOS level just below $2.40, a reversal would be confirmed and perhaps lead to more testing of the $2.60 supply zone.

If the price dropped below EQL, then a drop below $2.00 closing price would be inevitable, therefore verifying the continuation of the downtrend. Price decline might go into the intermediate zone of $1.80, where past accumulation was seen. Until the price structure dropped below the point of the $2.20 BOS support level, the market scenario generally remained cautious as short-term fluctuations continued at the $2.00 support level.

Why Remittix Is The Best Crypto To Buy Now

After selling over 528 million tokens and raising more than $14. 4 million in its presale stage, Remittix (RTX) is reinventing global payments by aggregating FIAT transactions using blockchain technology.

Remittix offers quick and competitively priced cross-border solutions. It is the better alternative to conventional payment providers like Stripe and Wise.Notable also is the open flat-fee strategy of the platform, which provides savings and openness over ridiculous rates of exchange of traditional banks.

Remittix is groundbreaking in the payments sector as it ensures that the whole amount sent reaches the receiver, therefore addressing unethical behavior all too frequently. The RTX currency shows strong investing possibilities at $0.0734 at the presale stage. Forecasts show an intriguing surge; demand for creative cross-border payment solutions is creating a 25x multiplier in the presale period and over 1,500% rises post launch.

Discover the future of PayFi with Remittix by checking out their presale here:

Website: https://remittix.io/

Socials: https://linktr.ee/remittix

Disclaimer: This is a Press Release provided by a third party who is responsible for the content. Please conduct your own research before taking any action based on the content.

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Bitcoin Tops $90K as Markets Rebound Despite Tariff Friction

The top digital asset roared past $90K on Tuesday morning as both traditional and crypto markets saw positive momentum despite Trump fumbling a trade deal with Japan. BTC Rally Defies Trade War Fears, Hits $90K Milestone Markets have been going haywire lately due to unresolved tariff concerns…
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Is iDEGEN (IDGN) worth a look as presale hits $22m?

As investors take note of the opportunities available in the market, one project attracting massive attention is iDEGEN. On February 27, 2025, the AI agent project’s token IDGN will go live. Ahead of this highly anticipated listing, the iDEGEN presale is on fire. Why is iDEGEN trending? Fresh momentum amid huge developments in the artificial…


The birth of iDEGEN: a new era of community-powered AI

As investors take note of the opportunities available in the market, one project attracting massive attention is iDEGEN.

On February 27, 2025, the AI agent project’s token IDGN will go live. Ahead of this highly anticipated listing, the iDEGEN presale is on fire.

Why is iDEGEN trending?

Fresh momentum amid huge developments in the artificial intelligence space have seen the project top $22.6 million. With just 10 days to go, the scramble to be part of the AI agent revolution is set to get even more frenzied.

This is because of the potential for iDEGEN to take over the AI meme coin space. iDEGEN is the first degen raised AI agent. Its unique approach had the agent starting off as a blank slate. However, it has learned everything from the community and posts once every hour.

An unfiltered approach and a growing market combine to put this project on top of the trending list. Over the past several weeks, iDEGEN has taken the center stage in driving the conversation on Crypto Twitter. Notably, the iDEGEN TikTok account is also recording a sharp spike in followers.

While its uncensored approach has landed the iDEGEN AI agent into X trouble, the bans have only helped fuel interest among investors.

Per details on the project’s presale page, the number of social impressions has jumped to over 2.5 million. The ICO has seen over 1.7 billion tokens sold, with potential hodlers currently above 24,700.

iDEGEN’s strong ICO run ahead of its debut in the market has investors excited for what’s possible. Speculation that top crypto exchanges could be eyeing IDGN for listing has only sparked further interest.

Is iDEGEN worth a look today?

The AI agent market is relatively small despite the recent breakout success for projects like Virtuals Protocol and ai16z. CoinGecko data shows the sector’s market cap today at $7 billion. In comparison, the meme coins market is at $81 billion and AI memes at just over $3 billion.

Given, the broader AI market, where OpenAI, Nvidia, Google and Microsoft among others are heavily investing in, is projected to rise further. These initiatives, including Project Stargate, suggest it might be early days for iDEGEN and other projects.

Presale opportunity is thus likely to be a major coup for early birds. Interestingly, there’s just 10 days to go before IDGN its exchanges on February 27, 2025. Buying at the current presale price of $0.0285 provides a bargain offer, with iDEGEN’s final presale price set at $0.038.

iDEGEN also offers staking opportunity, which has already attracted close to 100 million in staked tokens.

To learn more about iDEGEN, visit the official website.


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