Movement of Dormant Bitcoin Surges – What it Means for the Market
A notable surge in the circulation of dormant Bitcoin has been observed, with on-chain data reporting a 121% increase in the movement of BTC that has remained inactive for over seven years. This trend signifies a potential shift in market behavior and could have significant implications for Bitcoin’s future price trajectory. Investors and analysts both recognize the importance of this phenomenon, as it may signal renewed interest among long-term Bitcoin holders. This recent activity could foreshadow a bullish trend in the upcoming trading sessions, warranting close observation.