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first_img A dormant Bitcoin wallet transfers a million dollars after 12 years and then is destroyed, becoming a mystery

According to Cointelegraph, a Bitcoin wallet that had been dormant for nearly 12 years suddenly transferred all 20.00010537 BTC (approximately $1 million) to a large centralized exchange in March, and three weeks later, almost the same amount was returned (only 4500 satoshis short, about $3), and then in May, this Bitcoin was permanently destroyed.On-chain analysis company Chainalysis confirmed that this wallet has a strong association of "shared ownership" with four other addresses, all of which received initial funding on the same day in April 2014, and most of the funds can be traced back to the now-defunct Mt. Gox exchange, suggesting that the holders are early Bitcoin adopters.Analysis by Bitcoin educator Bennet shows that one of the addresses sent 19.6 BTC in 60 transactions to the custodian between 2022 and 2024, despite the Bitcoin price more than quadrupling during this period. The dollar amount of 58 of these transactions was close to $10,400, suggesting that the holders may have adopted a fixed dollar amount liquidation strategy. After the million-dollar "round trip" transfer in March, the funds almost returned to their original state, and the destruction of Bitcoin requires the same private key, making conventional transaction explanations difficult to establish.Chainalysis admits that it currently cannot explain why the holders transferred long-dormant assets through the custodian, almost retrieved the original amount, and then actively destroyed them. The destruction of Bitcoin is irreversible, and analysts speculate that this may be a deliberate statement to reduce the total supply of Bitcoin, or it could be for privacy, tax, or testing old wallet arrangements, but none of the hypotheses fully align with all on-chain evidence.

Data: The net buying of listed companies in a single week increased by 529.6% compared to the previous week, and the Strategy resumed its increase in holdings after a nine-week hiatus

According to SoSoValue data, as of 8:00 AM Eastern Time on August 31, 2026, the total net purchase of Bitcoin by global listed companies (excluding mining companies) in the past week was $513 million, an increase of 529.6% compared to last week.Strategy (formerly MicroStrategy) purchased 4,603 Bitcoins last week at a price of $80,318, spending approximately $370 million, bringing its total holdings to 845,050 Bitcoins, marking its first purchase in nine weeks. The Japanese listed company Metaplanet did not purchase any Bitcoin last week, marking seven consecutive weeks without purchases.In addition, another company announced the purchase of Bitcoin last week. Asset management company Strive announced on August 31 that it spent approximately $143 million last week to purchase 1,800 Bitcoins at a price of $79,431, bringing its total holdings to approximately 23,156 Bitcoins. The French Bitcoin treasury company Capital B announced that it has raised €21 million (approximately $24.5 million) from investors and institutions, including Adam Back, for the purpose of purchasing Bitcoin.As of the time of publication, the total amount of Bitcoin held by the listed companies included in the statistics (excluding mining companies) is 1,147,229 Bitcoins, an increase of 0.6% compared to last week, with a current market value of approximately $89.6 billion, accounting for 5.7% of Bitcoin's circulating market value.

Analysis: The Bitcoin "Realized Market Value Momentum Indicator" has turned positive after 93 days, signaling a recovery in on-chain capital flow

The "Realized Cap Impulse" indicator for Bitcoin has recently ended a continuous 93-day negative state and has turned positive for the first time, marking the longest reversal signal after a capital contraction cycle since the bear market of 2022.This indicator measures the momentum of changes in the realized market capitalization by tracking the changes in realized cap, combined with factors of Bitcoin supply and price, to assess whether the flow of tokens with actual economic significance in the market is driving capital base expansion. The positive shift in the indicator does not merely reflect a price increase but indicates that the flow of funds within the Bitcoin network is changing.Data shows that the indicator broke above the zero axis on August 20 when the BTC price was around $73,000 and has maintained positive values for 8 consecutive days. Currently, the BTC price has risen to about $78,900, an increase of approximately 8% during this period.As of the latest, the indicator reading is 0.198, below the peak of 0.226 reached on August 26. Historical data indicates that similar signals at the end of bear markets have been accompanied by significant rebounds in Bitcoin: after the indicator turned positive in September 2015, Bitcoin rose about 160% within a year; after March 2019, it increased about 173% in 90 days; and after January 2023, it rose about 45% in 90 days, with a yearly increase of 104%.However, the realized cap momentum indicator is not an absolute signal of a cycle bottom. Similar positive shifts occurred in early 2018 and 2022, but the market did not immediately enter a sustained upward phase afterward. Analysts believe that the indicator's continued positive value, confirmed by price trends, is more valuable than a single-day breakthrough above the zero axis.
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