On-chain data shows ancient Bitcoin investors have been waking up at a higher rate than ever before during the current cycle so far.
Bitcoin 10+ Year Old Tokens Have Been Seeing Large Movements Recently
As explained by CryptoQuant Head of Research Julio Moreno in a post on X, the current Bitcoin cycle has seen more OG investors of the asset awaken than ever before.
The on-chain indicator of interest here is the “10+ Year-old Coins Expending Ratio,” which basically tells us what percentage of coins dormant for 10 years or more saw movement during the past 30 days.
When the value of this metric is high, it means that some old investors on the network have finally been breaking their silence over the past month. Movement of coins so old is generally not a common event, so this kind of trend can be worth looking out for when it develops.
Now, here is a chart that shows the trend in the 10+ Year-old Coins Expending Ratio for Bitcoin over the past few years:
As is visible i
We współpracy z: https://bitcoinist.com/bitcoin-ogs-10-year-old-btc-spending-highest-cycle/
