{"id":43429,"date":"2025-05-29T18:00:20","date_gmt":"2025-05-29T15:00:20","guid":{"rendered":"https:\/\/coinengineer.net\/blog\/?p=43429"},"modified":"2025-05-29T17:28:33","modified_gmt":"2025-05-29T14:28:33","slug":"old-bitcoin-wallets-move-market-impact","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/old-bitcoin-wallets-move-market-impact\/","title":{"rendered":"Old Bitcoin Wallets Are Moving: How Will the Market Be Affected?\u00a0"},"content":{"rendered":"

After the recent Bitcoin rally<\/strong>, the price has started to decline. Meanwhile, long-term holders have begun moving BTC<\/strong><\/a> from their wallets again. Recent data shows a significant outflow from Bitcoins held for three to five years. This indicates that investors are either taking profits or adjusting their positions with a new strategy.<\/span>\u00a0<\/span><\/p>\n

Long-Term Bitcoin Activity Increasing<\/span>\u00a0<\/span><\/h2>\n

Glassnode<\/strong> data reveals that the spending volume of Bitcoins<\/strong> held for one to five years<\/strong> has risen to $4.02 billion. This marks the highest level since February and represents the fifth largest spending wave of the bull market.<\/span>\u00a0<\/span><\/p>\n

Since the start of this bull market, old Bitcoin holders have sold large amounts of BTC after each rally. Investors spent significant amounts of BTC in March, October, November 2024, and February 2025.<\/span>\u00a0<\/span><\/p>\n

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Spending by older $BTC<\/a> holders is heating up again. Aggregate volume from the 1y\u20135y cohorts just hit $4.02B – the highest since February.
Older coins are on the move \ud83e\uddf5\ud83d\udc47 pic.twitter.com\/jhMETQFJdB<\/a><\/p>\n

— glassnode (@glassnode) May 28, 2025<\/a><\/p><\/blockquote>\n