From January to March, approximately 62,800 BTC that had been dormant for over 7 years suddenly 'woke up'
During the period from January to March of this year, there was a significant increase in activity in the cryptocurrency market. About 62,800 bitcoins that had not been used for seven years suddenly 'woke up' and began to move between wallets.
In comparison, during the same period last year, only 28,000 bitcoins were moved. The increase in activity was 121%.
The calculation excluded 141,000 bitcoins associated with the transfer to Mt.Gox in May 2024, which provided a more accurate picture of market activity.
Such a phenomenon may indicate a change in sentiment among long-term investors. Possible reasons include current macroeconomic instability, changes in price expectations, or an increased need for liquidity from institutional investors.
In April, an increase in activity was detected from 1,057 bitcoins that had not been used for the past 7–10 years. A possible reason for this was the panic in the stock market after tariffs were imposed by US President Donald Trump.
