Bitcoin (BTC) Dormant Wallets Move $40M After 10 Years, Most Avoid Exchanges

In a notable on-chain development, Bitcoin (BTC) wallets that had remained dormant for a decade have been activated, moving approximately $40 million worth of the leading cryptocurrency. According to blockchain data, the majority of these transactions were conducted peer-to-peer, deliberately bypassing centralized exchanges. This strategic move suggests that long-term holders are opting for direct transfers rather than utilizing trading platforms, potentially indicating a preference for self-custody and reducing immediate sell-side pressure on the market. The activity of these aged wallets is often closely monitored by analysts as a signal of changing investor sentiment and potential market liquidity shifts.