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Cryptocurrency News Articles

Long-dormant Bitcoin wallets have suddenly sprung to life

Apr 04, 2025 at 03:15 am

According to crypto analyst @Ja_Martuun from CryptoQuant, a total of 15,838 BTC has been moved recently, being 13707 BTC aged 3–5 years, and 2131 BTC aged 5–7 years.

Long-dormant Bitcoin wallets have suddenly sprung to life

A substantial amount of long-dormant Bitcoin (BTC) wallets have suddenly become active, sparking speculation about potential market shifts amid ongoing economic uncertainty.

Crypto analyst Ja_Martuun from CryptoQuant noted that 13,707 BTC aged 3–5 years and 2,131 BTC aged 5–7 years were moved recently, summing up to 15,838 BTC. In total, $1.3 billion in Bitcoin aged at least 3 years was moved today.

Earlier reports also noted 1,057 BTC aged 7–10 years on the move, pushing the Spent Output Age Bands above the critical 50-point threshold—an indicator often associated with long-term holders adjusting positions.

At least one of these wallets moved Bitcoin to Coinbase, possibly signaling preparations for liquidation or trading. This comes at a time when Bitcoin has dropped 5.07% in the last 24 hours, currently trading at $81,982.

The timing of these transactions is especially noteworthy, happening just one day after Donald Trump’s Liberation Day tariffs—a major geopolitical shift that has busted up financial markets all across the world.

Whether this movement further solidifies the idea that we’re entering a bear market remains uncertain. For now, the overall feeling is that crypto could have been more affected than they actually were.

Despite that, the scenario remains dire as Bitcoin itself saw billions of dollars evaporate from its market cap just yesterday.

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Other articles published on Apr 04, 2025