$BTC a Decade As Market Sees Drop in Sending Activity

Over 1,054 BTC was transferred after 7 to 10 years, indicating that the long-term holders might be selling their tokens.

The price of Bitcoin has reached below $82,000, and the number of active sending addresses has dropped sharply.

The on-chain data still depicts weak network activity, and traders are waiting for a price action.

Over 1,050 Bitcoin ($BTC) that had remained untouched for seven to ten years have just been moved, according to CryptoQuant. This transfer signals long-term holders’ accumulation for a large sale during a period of time when network activity and price have appeared to be under pressure.

1,057 Bitcoin that hadn’t moved in 7–10 years just woke up. Long-term holders may be preparing to sell.