Dormant Bitcoin supply wakes up with 4,668 BTC on the move
Key Takeaways
- A total of 4,668 BTC held dormant for 3–5 years has been moved, worth approximately $440 million.
- This activity by long-term holders is notable and can signal shifts in market sentiment or investment strategy.
Dormant Bitcoin aged three to five years, totaling 4,668 BTC, was recently spent, according to CryptoQuant analyst J.A. Maartunn.
The movement represents approximately $440 million worth of Bitcoin at current market prices. Such activity from holders typically draws attention from market analysts who view it as a potential indicator of shifting investment strategies.
Blockchain data shows a recent uptick in movement of Bitcoin that has been held for several years, which could reflect profit-taking, caution about market trends, or preparation for future actions. Increased activity from dormant Bitcoin wallets is often monitored as it may signal changing sentiment or strategy among long-term holders.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Fed Faces Delicate Balancing Act: Weighing Inflation Concerns Against Labor Market Challenges in December Decision
- The Fed faces a December meeting split over rate cuts, with dissenters like Lorie Logan opposing action due to high inflation and Christopher Waller advocating easing to address labor market weakness. - Logan argues current policy balances inflation control with gradual labor market adjustments, warning against premature cuts without clear progress toward 2% inflation. - Waller supports a 25-basis-point cut, citing deteriorating hiring trends, while facing resistance from officials demanding stricter cri
Luminar is in conflict with its largest client while facing the risk of bankruptcy
Cisco purchases language translation startup EzDubs
Trending news
MoreCrypto prices
More
