- Nearly 80,000 BTC mined in 2011 have moved for the first time in 14 years, totaling an estimated value of $8.6 billion.
- UTXO Age Bands show a supply shift, with the 6–12 month holding band surpassing the 3–5 year group in total BTC controlled.
- The 10+ year and 7–10 year holders still dominate Bitcoin supply, indicating a strong presence of early adopters and inactive miner wallets.
After nearly 80,000 BTC – nearly $8.6 billion – just moved from a wallet that hasn’t been touched since 2011, Bitcoin received renewed attention. This evidenced rare miner behavior and long-term holder behavior is relevant to conversations about adoption.
Ancient Bitcoin Movement Draws Attention
A recent tweet by Darkfost_Coc revealed that nearly 80,000 BTC mined during the early Satoshi era had moved after 14 years. At the time of mining, Bitcoin traded below $1, making the total holding worth just a fraction of today’s value.
These coins were likely mined by early participants, possibly even original miners. Now, their movement raises market awareness due to the scale and timing. Monitoring these holders remains crucial, as such large stashes could exert market pressure if sold.
The shift comes as miner activity continues to shape price dynamics. With some miners still holding sizable BTC reserves, any transaction of this nature naturally garners attention across the crypto ecosystem.
UTXO Age Bands Reveal Supply Trends
To better understand this shift, on-chain metrics like UTXO Age Bands provide a useful lens. This tool measures Bitcoin supply by how long coins have been held, breaking it into categories.
According to recent data, BTC held for more than ten years accounts for 17% of the total supply, making it the largest segment. The 3 to 5 year band, which previously followed closely at 14.3%, has now been overtaken by the 6 to 12 month band at 15.8%.
This increase in the 6 to 12 month band over the past quarter suggests that recent buyers are choosing to hold. The behavior shows a growing shift from short-term to long-term holding status, despite prevailing market conditions.
Long-Term Holders Still Control Major Supply
Further insight into long-term holders shows that the 7 to 10 year holding group now controls around 8.3% of total BTC. This emphasizes the role of early adopters, including some of the oldest miners, in current supply control.
As the market continues to evolve, these older cohorts remain influential. The fact that such a large share remains unmoved for years suggests a strong belief in the asset or a careful watch on market timing.
Movements like the one reported underscore the importance of tracking older wallets and miner transactions, especially in volatile conditions.
