Recently, a notable amount of Bitcoin that had been dormant for 7 to 10 years was moved, as shown by the Spent Output Age Bands.
Historically, movements of coins in this age range have often coincided with major turning points in price.
Currently, Bitcoin is trading in a high price range and has just broken its all-time high (ATH), which is encouraging yet also raises concerns about potential profit-taking and market overheating.
While the price holding steady at these levels signals strength, the situation remains a mix of cautious optimism and underlying uncertainty.
Written by nino
