On the first day of summer 2026, 20 BTC▲$63,910.00 coins that had been inactive since 2010 suddenly moved. We explain what happened.
A wallet created in August 2010, remaining inactive for nearly 16 years, suddenly transferred 20 BTC worth approximately $1.47M. The transaction occurred on May 31, 2026, in block 951,828 at 05:14 UTC.
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Galaxy Research analysts quickly responded to the event and confirmed that the address does not belong to Satoshi Nakamoto. The wallet dates back to the early mining era, when mining was done on ordinary CPUs by a small circle of enthusiasts.
Contents
Key Transaction Details
- The address begins with 1CDSyXAQxro4FPUoqAQb…
- At the time of transfer, BTC traded around $73,608
- Daily spot trading volume was $16.3B, so the movement of 20 BTC went virtually unnoticed by the market
May 2026 Was a Tough Month for the Crypto Market
The last month of spring 2026 left nearly all coins and tokens in the red. According to CoinGlass:
- Bitcoin (BTC) lost 3.41%, which marks the seventh “red” May in the asset’s history
- Ethereum (ETH) fell 11.07%—the fourth losing May since its inception
Bitcoin tested the upper boundary of its local range above $74K but failed to hold it and retreated to support at $72,800. In the Monday morning hours, buyers are trying to stabilize the price.
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At the time of publication, bitcoin trades at approximately $72,700. The coin has fallen about 1.5% over the past 24 hours.
What Is Pressuring BTC’s Price?
- Geopolitical uncertainty between the US and Iran, including exchanged strikes and lack of negotiation progress
- Continuing outflows from spot bitcoin ETFs, now in the tenth consecutive day, approaching $3B
- Strategy returned 411.48 BTC worth $30.3M to Coinbase Prime
- US manufacturing activity index data due at 14:00 UTC, which could set the tone for further movement
Despite local weakness, long-term holders continue to gradually redistribute old coins. Such “Satoshi-era” movements typically do not trigger strong market reactions but serve as cycle indicators.
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