Bitcoin wallets untouched for 10 years moved $40 million. Most avoided exchanges

Roughly $40 million in Bitcoin from wallets dormant for about a decade were recently moved on-chain. The majority of those transfers were routed to non‑exchange addresses, not directly into trading venues. That limits immediate selling pressure but represents a reactivation of long‑term supply that could alter future liquidity or holder behavior. Possible explanations include private key recoveries, estate transfers, or long‑term holders repositioning, so continued monitoring of flows into exchanges is warranted.