Dormant bitcoin wallets moved $40M but activity hit new lows

Six bitcoin wallets untouched for roughly a decade moved about $40 million this month, with most of the coins sent to non-exchange addresses. Provided more by Galaxy's data, the activity is notable for who got the coins rather than the volume itself.

• Dormant-coin activity is at its lowest since 2022, and 2026 is on pace for under half of last year's total.
• The movement sidesteps exchange deposits, which typically precede sells—suggesting the transfers may be internal reorganizations or cold-storage moves rather than liquidation intent.