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Transfers with long-dormant coins have surged in the first quarter Advertisement According to data provided by CryptoQuant, there has been a 121% year-over-year increase in Bitcoin transactions involving long-dormant wallets in the first quarter of 2025.
AdvertisementDormant Bitcoin Awakens: Old BTC Moves Surge in 2025
— CryptoQuant.com (@cryptoquant_com) April 23, 2025
“62,800 $BTC aged over 7 years were spent between January and March 2025, versus 28,000 $BTC during Q1 2024 — marking a 121% increase in the movement of old coins.” – By @onchainschool pic.twitter.com/2b8xu4TfcR
The sudden uptick might indicate that sentiment is changing among long-term holders.
HOT Stories Ripple’s Activity Spike Features 54,000,000 RLUSD, Here’s What Happened Saylor Reacts to Fed's Bitcoin U-Turn Ripple President: No IPO Yet Ethereum (ETH) Volume Explosion, Shiba Inu (SHIB) Skyrocketing Brutally Ended, Dogecoin (DOGE): Is $0.20 Still Possible?According to the CryptoQuant chart, there was a massive surge in dormant wallet activations over the period from November 2024 to January. The highest peak was reached in January.
AdvertisementThis was likely driven by the massive rally, during which the price of the largest cryptocurrency finally surged above the $100,000 level.
Earlier today, the price of the leading cryptocurrency spiked to an intraday high of $94,320, recovering from the recent tariff-induced correction. The cryptocurrency is up 0.56% since the start of the year.