According to Foresight News, Willy Woo recently tweeted about the impact of old Bitcoin movements on market perception. Woo noted that, counterintuitively, the market seems to value Bitcoin more when older coins are in motion. On a recent day, 80,000 ancient Bitcoins were transferred to new wallet addresses, causing the estimated value of the CVDD floor model—a Bitcoin bottom valuation model—to rise from $35,000 to $37,000.
Woo further explained the CVDD model, stating that when Bitcoin moves from an old investor who bought at $1 to a new investor purchasing at $100,000, the new investor assesses the value at a higher floor price. This shift helps elevate the perceived bottom price of the entire Bitcoin supply globally. Active custodial rotation, where Bitcoin frequently changes hands between different investors or custodians, may also indicate that investors highly value these Bitcoins.
