Bitcoin OGs Return: 10-Year Old BTC Spending At Highest Ever This Cycle
Summary
Ancient Bitcoin investors are waking up at a higher rate during the current cycle. The "10+ Year-old Coins Expending Ratio" shows the movement of dormant coins, reaching a record high of 3.7% in March, likely due to profit-taking after Bitcoin's all-time high. The ratio is now at 2.5%, indicating continued awakening of ancient whales. These old coins are often associated with long-term holders or may have been lost and recently rediscovered. Bitcoin is currently trading at around $68,500, up over 2% in the last seven days.
