Recent data indicates significant Bitcoin movement after years of inactivity, raising questions about long-term holders' intentions.
Bitcoin Movement After Long-Term Holding
Over 1,050 Bitcoin ($BTC) have been transferred, according to CryptoQuant. This movement may signal long-term holders' intent to sell during a period of pressure on the network and price.
BTC Price Drops Amid Declining Network Activity
Bitcoin is currently priced at about $81,887 after a 3.28% decline over the past 24 hours. The flow of sending addresses has decreased, indicating a reduction in blockchain activity.
Holder Behavior Changes Amid Market Uncertainty
The selling of large amounts of Bitcoin raises suspicions regarding long-term investors' behavior. These addresses likely belong to early adopters or institutional investors, and their activation may indicate impending distribution.
Analysis shows that the activity of long-term Bitcoin holders, along with falling prices and a reduction in active addresses, may influence the market given current volatility.
