Older #bitcoin wallets are waking up again. In May 2025, long-term holders, mainly from the 3–5 year cohort, moved $4.02 billion worth of $BTC , marking the highest spending volume since February. While this isn’t the largest spike of the current cycle, it’s still significant when compared to previous peaks like October 2024’s $9.25B (led by 1–2 year holders), March 2024’s $6.11B and February 2025’s $5.42B (both driven by 2–3 year coins), and November 2024’s $4.39B (also led by 3–5 year holders). The reactivation of these older coins could be a sign of shifting sentiment or growing anticipation of a major move in the market.
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