Bitcoin’s price has been on a tear lately, surpassing $93,000 after a period of lower prices. Interestingly, a lot of Bitcoin that hadn’t been touched for years is suddenly moving. This is a big deal and could mean some significant shifts in the market.
Dormant Bitcoin’s Big Awakening
Experts have noticed a huge jump in the amount of “old” Bitcoin (coins held for a long time) being moved around. In the first three months of 2025, over twice as much long-dormant Bitcoin changed hands compared to the same period in 2024. That’s a massive 121% increase! This excludes the large Mt. Gox transfer in May 2024 to give a clearer picture of normal market activity. About 62,800 Bitcoin older than 7 years were moved between January and March 2025, compared to just over 28,000 during the same period in 2024.
Why the sudden activity? It could be several things: long-term holders taking profits, adjusting their portfolios, or getting ready for another price surge. Whatever the reason, it’s a significant shift.
What the Movers Mean
This increase in old Bitcoin movement might reflect a change in how long-term holders feel about the market. Maybe it’s due to changes in the economy, expectations of future prices, or institutional investors needing cash.
Long-Term vs. Short-Term Holders: A Tale of Two Strategies
The recent price increase has also highlighted a difference in how long-term and short-term Bitcoin holders are behaving. Long-term holders are buying more Bitcoin, while short-term holders are selling. This is a classic sign that the market might be entering a new phase of accumulation. Long-term holders’ net position is positive for the first time since the recent peak, showing they’re back to buying. Short-term holders, however, are still selling off their Bitcoin.