On-chain data shows a Bitcoin whale has recently transferred around 500 BTC that had been previously dormant for around 5 to 7 years.
Bitcoin Spent Output Age Bands Show Spike In 5-7 Years Old Coins
As pointed out by an analyst in a CryptoQuant post, this movement of 500 BTC has come following the 5k BTC shift in 7 years+ old coins a while back.
The relevant indicator here is the “Spent Output Age Bands” (SOAB), which tells us how many coins the different…
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