Dormant Bitcoin Movement Hits Four-Year Low
Galaxy Digital's Alex Thorn has reported that dormant Bitcoin movement has reached its lowest level since Q3 2022, indicating less selling from old holders.
The decline in dormant coin activity suggests reduced supply pressure on the market, which could have a positive impact on Bitcoin's price and token performance.
Thorn notes that fewer long-dormant coins are being moved, easing the selling pressure typically associated with these transactions.