Dormant Bitcoin Resurfaces, Adding Sell Pressure
- 295.63 BTC worth $21 million moved from dormant wallets since 2014–2015.
- An additional transfer of 370 BTC occurred on Friday, totaling over $27.9 million.
- In total, over the week, more than Bitcoin worth $7.6 billion has been reintroduced into circulation from long-dormant addresses in the year.
- The largest share of reactivated coins came from wallets dormant for eight to ten years.
Dormant Bitcoin continues to awaken with significant transfers occurring this week, contributing to increased sell pressure in the market as these coins return to circulation after years of inactivity.
This activity highlights a trend where early holders are moving substantial amounts of Bitcoin back into the market, potentially impacting price dynamics as these assets are redistributed or consolidated into new wallets.
