{"id":26876,"date":"2020-08-05T11:50:06","date_gmt":"2020-08-05T08:50:06","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=26876"},"modified":"2025-08-26T17:15:05","modified_gmt":"2025-08-26T14:15:05","slug":"researchers-quantify-bitcoins-on-dormant-addresses","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/researchers-quantify-bitcoins-on-dormant-addresses\/","title":{"rendered":"Researchers quantify bitcoins on &#8216;dormant&#8217; addresses"},"content":{"rendered":"<p>Researchers at Crystal Blockchain have counted the number of bitcoins on addresses that have not transacted since January 1, 2015.<\/p>\n<p><!--more--><\/p>\n<p>Crystal Blockchain divided the &#8216;dormant addresses&#8217; by balance:<\/p>\n<ul>\n<li>up to 1 BTC;<\/li>\n<li>from 1 to 10 BTC;<\/li>\n<li>from 10 to 100 BTC;<\/li>\n<li>over 100 BTC.<\/li>\n<\/ul>\n<p>As of July 21, 2020, these addresses held 3,756,486 BTC. The number of addresses stood at 2,431,237.<\/p>\n<p>98.7% of this sum is concentrated in just 5% of the &#8216;dormant&#8217; addresses (121,435).<\/p>\n<div id=\"attachment_106570\" style=\"width: 1034px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-106570\" class=\"wp-image-106570 size-large\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/dormant-addresses-distribution-at-the-date-of-report-writing-b-1024x864.png\" alt=\"\u0418\u0441\u0441\u043b\u0435\u0434\u043e\u0432\u0430\u0442\u0435\u043b\u0438 \u043d\u0430\u0437\u0432\u0430\u043b\u0438 \u0447\u0438\u0441\u043b\u043e \u0431\u0438\u0442\u043a\u043e\u0438\u043d\u043e\u0432 \u043d\u0430 \u00ab\u0441\u043f\u044f\u0449\u0438\u0445\u00bb \u0430\u0434\u0440\u0435\u0441\u0430\u0445\" width=\"1024\" height=\"864\" srcset=\"https:\/\/forklog.com\/wp-content\/uploads\/dormant-addresses-distribution-at-the-date-of-report-writing-b-1024x864.png 1024w, https:\/\/forklog.com\/wp-content\/uploads\/dormant-addresses-distribution-at-the-date-of-report-writing-b-300x253.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/dormant-addresses-distribution-at-the-date-of-report-writing-b-768x648.png 768w, https:\/\/forklog.com\/wp-content\/uploads\/dormant-addresses-distribution-at-the-date-of-report-writing-b.png 1380w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/p>\n<p id=\"caption-attachment-106570\" class=\"wp-caption-text\">Crystal Blockchain data.<\/p>\n<\/div>\n<p>In the image below are the five addresses with the largest balances. The third on the list, with a balance of 31,000 BTC, is said to have access to private keys.<\/p>\n<div id=\"attachment_106571\" style=\"width: 1034px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-106571\" class=\"wp-image-106571 size-large\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/addresses-by-balance-2-v2a-1024x924.png\" alt=\"\u0418\u0441\u0441\u043b\u0435\u0434\u043e\u0432\u0430\u0442\u0435\u043b\u0438 \u043d\u0430\u0437\u0432\u0430\u043b\u0438 \u0447\u0438\u0441\u043b\u043e \u0431\u0438\u0442\u043a\u043e\u0438\u043d\u043e\u0432 \u043d\u0430 \u00ab\u0441\u043f\u044f\u0449\u0438\u0445\u00bb \u0430\u0434\u0440\u0435\u0441\u0430\u0445\" width=\"1024\" height=\"924\" srcset=\"https:\/\/forklog.com\/wp-content\/uploads\/addresses-by-balance-2-v2a-1024x924.png 1024w, https:\/\/forklog.com\/wp-content\/uploads\/addresses-by-balance-2-v2a-300x271.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/addresses-by-balance-2-v2a-768x693.png 768w, https:\/\/forklog.com\/wp-content\/uploads\/addresses-by-balance-2-v2a.png 1308w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/p>\n<p id=\"caption-attachment-106571\" class=\"wp-caption-text\">Crystal Blockchain data.<\/p>\n<\/div>\n<p>Another criterion was the number of transactions. The image below shows the Top-5. The first address in the list was probably created for burning bitcoins and does not hold the private key. The second one likely has access to the balance, albeit a small one \u2014 2 BTC.<\/p>\n<div id=\"attachment_106572\" style=\"width: 1034px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-106572\" class=\"wp-image-106572 size-large\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/addresses-by-number-2-v1a-1024x788.png\" alt=\"\u0418\u0441\u0441\u043b\u0435\u0434\u043e\u0432\u0430\u0442\u0435\u043b\u0438 \u043d\u0430\u0437\u0432\u0430\u043b\u0438 \u0447\u0438\u0441\u043b\u043e \u0431\u0438\u0442\u043a\u043e\u0438\u043d\u043e\u0432 \u043d\u0430 \u00ab\u0441\u043f\u044f\u0449\u0438\u0445\u00bb \u0430\u0434\u0440\u0435\u0441\u0430\u0445\" width=\"1024\" height=\"788\" srcset=\"https:\/\/forklog.com\/wp-content\/uploads\/addresses-by-number-2-v1a-1024x788.png 1024w, https:\/\/forklog.com\/wp-content\/uploads\/addresses-by-number-2-v1a-300x231.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/addresses-by-number-2-v1a-768x591.png 768w, https:\/\/forklog.com\/wp-content\/uploads\/addresses-by-number-2-v1a.png 1534w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/p>\n<p id=\"caption-attachment-106572\" class=\"wp-caption-text\">Crystal Blockchain data.<\/p>\n<\/div>\n<p>Crystal Blockchain determined the origins of the bitcoins arriving at dormant addresses.<\/p>\n<ul>\n<li>Miners and mined coins;<\/li>\n<li>Exchanges;<\/li>\n<li>Wallets;<\/li>\n<li>Unknown addresses;<\/li>\n<li>Darknet;<\/li>\n<li>Gambling;<\/li>\n<li>Mixers, extortion, stolen coins, scams and illicit services;<\/li>\n<li>Processors, marketplaces and ATMs.<\/li>\n<\/ul>\n<p>The distribution of coins is shown below.<\/p>\n<div id=\"attachment_106573\" style=\"width: 1034px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-106573\" class=\"wp-image-106573 size-large\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/artboarda-1024x685.png\" alt=\"\u0418\u0441\u0441\u043b\u0435\u0434\u043e\u0432\u0430\u0442\u0435\u043b\u0438 \u043d\u0430\u0437\u0432\u0430\u043b\u0438 \u0447\u0438\u0441\u043b\u043e \u0431\u0438\u0442\u043a\u043e\u0438\u043d\u043e\u0432 \u043d\u0430 \u00ab\u0441\u043f\u044f\u0449\u0438\u0445\u00bb \u0430\u0434\u0440\u0435\u0441\u0430\u0445\" width=\"1024\" height=\"685\" srcset=\"https:\/\/forklog.com\/wp-content\/uploads\/artboarda-1024x685.png 1024w, https:\/\/forklog.com\/wp-content\/uploads\/artboarda-300x201.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/artboarda-768x513.png 768w, https:\/\/forklog.com\/wp-content\/uploads\/artboarda-1536x1027.png 1536w, https:\/\/forklog.com\/wp-content\/uploads\/artboarda.png 1762w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/p>\n<p id=\"caption-attachment-106573\" class=\"wp-caption-text\">Crystal Blockchain data.<\/p>\n<\/div>\n<p>&#8220;Dormant addresses&#8221; received coins worth $641 million (at the price at the time of the transactions); however the current value of these bitcoins is $35 billion.<\/p>\n<div id=\"attachment_106574\" style=\"width: 1034px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-106574\" class=\"wp-image-106574 size-large\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/focus-group-dormant-addresses-received-amount-in-usd-vs-balance-amount-in-usda-1024x448.png\" alt=\"\u0418\u0441\u0441\u043b\u0435\u0434\u043e\u0432\u0430\u0442\u0435\u043b\u0438 \u043d\u0430\u0437\u0432\u0430\u043b\u0438 \u0447\u0438\u0441\u043b\u043e \u0431\u0438\u0442\u043a\u043e\u0438\u043d\u043e\u0432 \u043d\u0430 \u00ab\u0441\u043f\u044f\u0449\u0438\u0445\u00bb \u0430\u0434\u0440\u0435\u0441\u0430\u0445\" width=\"1024\" height=\"448\" srcset=\"https:\/\/forklog.com\/wp-content\/uploads\/focus-group-dormant-addresses-received-amount-in-usd-vs-balance-amount-in-usda-1024x448.png 1024w, https:\/\/forklog.com\/wp-content\/uploads\/focus-group-dormant-addresses-received-amount-in-usd-vs-balance-amount-in-usda-300x131.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/focus-group-dormant-addresses-received-amount-in-usd-vs-balance-amount-in-usda-768x336.png 768w, https:\/\/forklog.com\/wp-content\/uploads\/focus-group-dormant-addresses-received-amount-in-usd-vs-balance-amount-in-usda-1536x672.png 1536w, https:\/\/forklog.com\/wp-content\/uploads\/focus-group-dormant-addresses-received-amount-in-usd-vs-balance-amount-in-usda-2048x896.png 2048w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/p>\n<p id=\"caption-attachment-106574\" class=\"wp-caption-text\">Crystal Blockchain data.<\/p>\n<\/div>\n<p>The full Crystal Blockchain report is available at the link.<\/p>\n<p>In May, 50 bitcoins mined on February 9, 2009 began moving. The network of the first cryptocurrency had been operating for just over a month at the time. Many users suggested the sender could be Satoshi Nakamoto, but analysis of so-called Patoshi patterns did not confirm the hypothesis.<\/p>\n<blockquote class=\"wp-embedded-content\" data-secret=\"PwdppjOfVl\">\n<p>Bitcoin that may belong to Satoshi Nakamoto has moved.<\/p>\n<\/blockquote>\n<p><iframe loading=\"lazy\" class=\"wp-embedded-content\" sandbox=\"allow-scripts\" security=\"restricted\" style=\"position: absolute; visibility: hidden;\" title=\"\u201cBitcoin that may belong to Satoshi Nakamoto has moved.\u201d \u2014 ForkLog\" src=\"https:\/\/forklog.com\/news\/prishli-v-dvizhenie-bitkoiny-kotorye-mogut-prinadlezhat-satoshi-nakamoto\/embed#?secret=09YbABfpGR#?secret=PwdppjOfVl\" data-secret=\"PwdppjOfVl\" width=\"500\" height=\"282\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\"><\/iframe><\/p>\n<p>In May, 145 addresses created in 2009-2010 also woke up. They signed a message accusing Australian entrepreneur Craig Wright of fraud.<\/p>\n<p>In the Kleiman v. Wright case, Wright asserted that these 145 addresses belonged to him.<\/p>\n<p>Subscribe to ForkLog news on Telegram: <a href=\"https:\/\/t.me\/forklogfeed\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">ForkLog Feed<\/a> \u2014 the full news feed, <a href=\"https:\/\/telegram.me\/forklog\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">ForkLog<\/a> \u2014 the most important news and polls.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Crystal Blockchain researchers counted the number of bitcoins on addresses that have not transacted since January 1, 2015.<\/p>\n","protected":false},"author":1,"featured_media":26877,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[18],"class_list":["post-26876","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin"],"aioseo_notices":[],"amp_enabled":true,"views":"121","promo_type":"1","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/26876","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=26876"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/26876\/revisions"}],"predecessor-version":[{"id":26878,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/26876\/revisions\/26878"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/26877"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=26876"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=26876"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=26876"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}