A recent report by Glassnode indicates a significant increase in the activity of previously dormant bitcoins, which could influence the cryptocurrency market.
Activity in Long-Dormant Bitcoins
Glassnode reported that 3,900 BTC that had not been transacted for over 10 years became active in a single day. Additionally, on July 4, 2025, an on-chain transfer of 80,000 BTC was documented. The reactivation of these long-dormant bitcoins in the market is linked to various factors including inter-wallet transfers, custody changes, and potential selling pressure.
Analysis of Price Support Levels
According to Glassnode’s on-chain analyses, Bitcoin saw a rapid rise from $110,000 to $117,000 in early July. During this time, a low-density accumulation zone was observed on the price chart. The organization anticipates that this accumulation area could turn into a bottom formation zone if the price loses its support levels. At the time of reporting, Bitcoin was trading around $116,671, representing approximately a 2.1% decrease over the last 24 hours.
Market Value and Liquidity
Glassnode also announced in its weekly report that Bitcoin's realized market value exceeded $1 trillion. This figure signifies the total value based on the last transaction price of each Bitcoin, illustrating the actual capital flow within the Bitcoin network. These evolving dynamics present both opportunities and risks for investors, emphasizing the importance of closely monitoring such developments.
These new trends may significantly impact cryptocurrency markets, highlighting the need for a careful approach for both new and experienced investors.
