Bitrabo Editorial
Recent on-chain data indicates a surge in activity among long-time Bitcoin investors during the current market cycle.
Large Movements in Bitcoin 10+ Year Old Tokens
CryptoQuant’s Head of Research, Julio Moreno, highlighted an increase in activity among original Bitcoin investors compared to previous cycles.
The “10+ Year-old Coins Expending Ratio” measures the movement of coins dormant for over a decade within the last 30 days, reflecting a rise in activity from long-time investors, which is uncommon and noteworthy.
A chart displays the trend in the 10+ Year-old Coins Expending Ratio, showing a significant spike in March, reaching an all-time high of 3.7%, likely driven by profit-taking following an ATH break.
Following a decline during a price correction, the ratio rebounded to 2.5%, indicating continued awakening of ancient whales in recent months.
Old coins movement typically associates with long-term holders, potential losses, or forgotten wallets, with some sales possibly from long-standing OGs and others from new investors.
BTC Price
Bitcoin is currently trading at approximately $68,500, showing a 2% increase in the last week.