Bitcoin Springs Back to Life as Dormant Coins Ignite New Market Buzz
Main Idea
Recent activity in long-inactive Bitcoins and significant on-chain transfers have sparked market interest, with potential implications for Bitcoin's price and investor behavior.
Key Points
1. Glassnode reported that 3,900 BTC, inactive for over 10 years, became active in a single day, alongside an 80,000 BTC on-chain transfer on July 4, 2025.
2. Historically, the activation of dormant crypto assets has led to significant price fluctuations in the cryptocurrency market.
3. Bitcoin's price surged from $110,000 to $117,000 in early July, with a low-density accumulation zone observed during this period.
4. Bitcoin was trading around $116,671 at the time of reporting, experiencing a 2.1% decrease over the last 24 hours.
5. Bitcoin's realized market value exceeded $1 trillion, indicating growing liquidity and the influence of initial investors in the market.
Description
Glassnode reports a surge in dormant Bitcoins becoming active, potentially increasing selling pressure. 3,900 BTC, inactive for over 10 years, reactivated in a single day, prompting market consideration. Bitcoin's realized market value exceeded $1 trillion, highlighting its market scale and reliability. Continue Reading: Bitcoin Springs Back to Life as Dormant Coins Ignite New Market Buzz The post Bitcoin Springs Back to Life as Dormant Coins Ignite New Market Buzz appeared first on COINTURK NEW...
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