PANews May 28 news, according to glassnode data, the activity of old Bitcoin holders has significantly increased recently, with the total transfer amount of the 1-5 year holding group reaching $4.02 billion, the highest level since February of this year. Among them, the 3-5 year holding group contributed $2.16 billion, the second highest during this cycle, only behind the $6 billion in March 2024; the 2-3 year holding group contributed $1.41 billion; and the 1-2 year holding group contributed $450 million.
The transfer activity of the 1-5 year holding group this time is the fifth largest peak in this cycle, mainly driven by old holders. Looking back at other transfer peaks in this cycle: $9.25 billion in October 2024 (dominated by the 1-2 year group), $6.11 billion in March 2024 (dominated by the 2-3 year group), $5.42 billion in February 2025 (dominated by the 2-3 year group), and $4.39 billion in November 2024 (dominated by the 3-5 year group). The current activity indicates that old holders are accelerating the release of their Bitcoin.
