According to Foresight News, Willy Woo tweeted, "Perhaps counterintuitively, when old coins are in circulation, the market seems to value BTC's worth more in the long run. Today, 80,000 old Bitcoins were transferred to new wallet addresses, causing the estimated value of the realized value days floor model (CVDD floor model, a Bitcoin bottom valuation model) to rise from $35,000 to $37,000."
In addition, Willy Woo further elaborated on the CVDD model, "When Bitcoin is transferred from an old investor who bought in at $1 to a new investor who bought in at $100,000, the new investor will assess the value of these Bitcoins at a higher floor price, which helps elevate the overall recognized floor price of the Bitcoin supply globally. Active custody rotation (i.e., frequent transfers of Bitcoin between different investors or custodians) may also indicate that investors place great value on these Bitcoins."
