A Bitcoin wallet inactive for 14 years since earning 50 BTC in July 2010 recently sent $3.05 million worth of Bitcoin to Binance.

The wallet is from the 'Satoshi era,' when Bitcoin was valued at $0.05.

This movement is part of a trend where early miner addresses are becoming active again.

It highlights the long-term storage and movement of significant amounts of Bitcoin by early adopters.

The event has sparked community interest and speculation, especially with Bitcoin currently priced at $60,697 amid a market decline.

Transfers to centralized exchanges like Binance are often viewed as bearish, indicating potential selling pressure.

Investors are closely monitoring for signs of price volatility and concerns about the security of old private keys.