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.