Ancient Bitcoiners Stirring
Long-time Bitcoin investors are waking up and spending their coins at the highest rate ever seen in this market cycle.
Dormant Coins on the Move
Over the past 30 days, a significant number of Bitcoin coins that have been dormant for over 10 years have been moved. This is an unusual occurrence, and it’s worth paying attention to.
Profit-Taking or Lost Coins?
When old coins move, it’s often for selling purposes. In this case, it’s likely that many of these investors are cashing in on Bitcoin’s recent price surge. However, it’s also possible that some of these coins were lost or forgotten and are only now being rediscovered.
Bitcoin’s Price
As of writing, Bitcoin is trading at around $68,500, up over 2% in the past week.
