#BTCvsMarketsAccording to an on-chain analyst, the movement of Bitcoin

Inactive BTCUSD has increased by 121% in Q1 2025 compared to Q1 2024. This change may indicate that long-term investors are reacting to broader economic trends or anticipating market changes. Inactive Bitcoin is moving: What is driving this trend? In a recent post on CryptoQuant, the analyst revealed that investors moved approximately 28,000 inactive Bitcoins in Q1 2024. March is particularly notable, with around 19,296 BTC being moved. This contrasts with the lower numbers in January (around 3,034 BTC) and February (around 5,678 BTC). In the first three months of 2025, the amount of long-term inactive Bitcoin moved was more than double compared to the same period in 2024,” the post stated. Compared to the first quarter of 2025, the total amount of Bitcoin moved is significantly higher. Over 62,000 BTC, inactive for more than seven years, has been transferred. Specifically, investors moved 24,595 BTC in January, 21,820 BTC in February, and 16,456 BTC in March. The analyst believes that this increase in activity reflects a change in the mindset of long-term Bitcoin holders. This shift may be driven by macroeconomic factors, changing price expectations, or liquidity demands from institutions. Notably, 2025 has proven to be a turbulent year for Bitcoin. Geopolitical changes, increasing trade tensions, and rising economic concerns have significantly impacted the market.

Recently, Glassnode pointed out that Bitcoin has experienced the deepest drop in the cycle. In its weekly newsletter, the company emphasized that investors are facing significant pressure. Furthermore, many are now experiencing their largest unrealized losses ever. Current unrealized losses are primarily concentrated among new investors, while long-term holders remain in a position of unilateral profit. However, an important nuance is emerging, as recent buyers are becoming long-term holders; as noted, the level of unrealized losses in this group is likely to increase,” the newsletter stated. However, Glassnode noted that the decline of BTC remains within the typical range of previous corrections in bull markets. Importantly, Bitcoin has also had a recent recovery. Over the past week, its value has increased by 8.9%. However, the daily loss is 2.2%. At the time of writing, BTC is trading at $92,164. The decline is not an isolated case, as the broader cryptocurrency market has also undergone a correction. Meanwhile, the increase in the movement of inactive assets is not limited to Bitcoin. A similar trend has emerged in the Ethereum market.

ETHUSD. Data from Lookonchain shows that in early February, a whale sent their entire 77,736 ETH to Bitfinex after being inactive for six years. In early April, Onchain Lens reported on a whale inactive for eight years who moved 11,104 ETH worth $19.97 million. Of this, 247.93 ETH was sent to Coinbase and 10,856 ETH to a new wallet. The whale originally withdrew ETH worth $2.51 million from Kraken and Gemini, 8 years ago,” Onchain Lens added. This asset movement reflects the strategic repositioning of investors in the context of economic uncertainty.