That's also probably right, they've been active and let those Bitcoins sit there over the long years and are just looking for the right timing to sell. In the end, we're no longer surprised to see that there will be inactive wallets for several years and have been active lately and especially for the next bull run.

With those old and inactive/sleeping wallets for so long, we will never know if they were lost already until the owner of it access it again and tries to move it to exchange. But right about those lost BTCs as what satoshi said.

The intention is that most of them have plenty of wallets and not just one, and they use the other ones and keep a few just for saving as well, and that means they are going to end up making that active when they move it around.

Plus, even though the security of bitcoin is great, it is smarter to end up changing the wallet here and there time to time because that way nobody could hack into your system, otherwise your wallet could be hacked into one way or another, specially ones that move away from legacy address to segwit address makes even more sense to me. This is why I believe that it is not always to sell, sure sometimes it could be for selling but there are many other reasons then selling and that could be the reason.

Well, the one reason could just be simple they're trying to get rid of it and want to take the fruit of their patience. They're no different from us as they're also people that want to take profit over all these times.

Good point, there's the possibility that it's not for selling but for those reasons that you've mentioned. But the thing here is, we will never know until we know one or someone comes all of a sudden to be one of those owners and explain what really does with those. Anyway, they've got not obligation in doing so to appear in the public.

If it's during this time, that's still a good timeframe as the price is much higher than 2017 but not of course on 2021. These could be just woke up wallets and owners have just remembered they own it. Well, it's really confusing but will still be ending up with the same reason of dumping or just trying to move it from wallet to wallet.

Is it already the Satoshi era? I thought the Satoshi era was the time when Bitcoin was still very cheap. This year, it's already $195 per Bitcoin, so an investor would have to invest a lot of money to buy more Bitcoins.

I believed the Satoshi era was the time between 2009 to 2010.

HODL those coins!

Do you mean the era of Satoshi, when he was still the central figure in the development of Bitcoin? If so, indeed, his presence was prominent in the year 2009.

However, deciding to invest in Bitcoin during that time was akin to investing in a startup with an uncertain future. We now know that Bitcoin has achieved remarkable success, having multiplied exponentially in size. Presently, everyone acknowledges that Bitcoin has undergone a tremendous transformation from its early days of skepticism.

Investors employ their own calculations and considerations. There are still plenty of daring investors willing to allocate their funds to assets with a slim chance of success, much like investing in Bitcoin during the Satoshi era.

Maybe it is indeed Elon Musk or some of His gang mate in whales group because i think there are only few of them that can do such action.
but what we must look into this is how fast the transaction and this is the advantage of Bitcoin  or crypto in other way of transacting , Imagine with that huge amount we can send from one wallet to another wallet.

And thats be beauty of Bitcoin and this is one of the reasons on why its been that been widely recognized or having that demand and attention.

-Even how big or small amount you would be transferring then it would really be just taking up a few minutes (or depending on the network condition)
-You could make out p2p transaction
-You cant really be known in speaking about identity
-Small fee transaction compared into those money transfers out there


Speaking about awakening of wallets, then it could be neither that someone had found out their keys finally or they did really just put up that 10 year limit before they would
really be harvesting on the coins that they had invested and hold it for too long. There's nothing we can do if those whales would really be deciding on selling out their coins.
Its theirs and not ours on which it would really be expected that it would really be bring out that some significant impact in regarding the price but as long that demand and recognition
would really be there, then recovery would really be always on the line.