Dormant Bitcoin supply wakes up with 4,668 BTC on the move
Long-term holders' renewed activity sparks speculation on market sentiment and the potential for new investment strategies.
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.
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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.
