The miner wallet of Satoshi Nakamoto from the dormant 15 years has awakened, and a transfer of 50 BTC has attracted market follow.

At the beginning of December, a Bitcoin Miner Wallet that had been dormant for over 15 years was awakened under record mining pressure, transferring 50 Bitcoins, worth approximately $4.33 million, to an external Address. The on-chain tracking platform Lookonchain confirmed that the Wallet belonged to the “Satoshi Nakamoto era,” making this transfer one of the oldest Bitcoin moves in recent years.

Data from miner reserves shows that Bitcoin miners have sold approximately 300,000 Bitcoins in the past two years, with miner reserves continuously declining, reflecting ongoing selling pressure in the market. Mining difficulty has risen to a historical high of 1.493 trillion hashes, and mining revenue has decreased from about $55/PH/s in the third quarter of 2025 to $35/PH/s in November, below the average cost of major mining companies at $44/PH/s. Even using the next generation of mining machines, the payback period exceeds 1000 days, far exceeding the countdown to the next Bitcoin halving.

(Source: CryptoQuant)

Analysts point out that the Bitcoin price is currently just above the electricity cost support level (approximately $71,087). If it falls below this cost, miners may be forced to stop mining. However, historical data shows that this electricity cost level often becomes the bottom support or a triggering point for a rebound in Bitcoin prices.

The recent awakening of wallets and transfers has sparked speculation in the market regarding the operations of early miners, while highlighting the current low-profit environment of Bitcoin mining and the significant challenges faced by miners. Investors and analysts are closely watching whether Bitcoin will find a rebound opportunity at the support level of electricity costs.

The miner wallet that has been dormant for 15 years is active again, reflecting the historical pressure and potential support areas of Bitcoin mining. The market will focus on whether the price can trigger a rebound as a result.