Morning Edition · Thursday, July 16, 2026Published at 1:28 AM EDT · New York
Bitcoin Untouched Since the 2017 Peak Moves $383 Million, as Old and Seized Coins Reawaken
The dormant coins went to a fresh address rather than an exchange, and a separate $288 million United States government transfer to Coinbase renewed questions about seized-coin custody.
A bitcoin wallet that had sat untouched since the 2017 price peak moved about $383 million in coins on July 16. The coins went to a fresh address rather than to an exchange, so nothing has been sold. But a dormant holding of that size becom…
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Seized-Coin Stockpiles Shadow Supply
Large government holdings of seized bitcoin and ether recur as an unpriced supply overhang, where every custody transfer forces the market to guess whether liquidation follows.
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