🕵️♂️ Bitcoin's Vintage Wallets Awaken, But Spending Slows: A Sign of Strategic Patience?
💤 August witnessed a slumber for dormant 2010 wallets, with no signs of activity. These vintage addresses are becoming scarce, but three from 2011 did break their silence, transferring 98.18 BTC after a decade of stillness.
📈 2013 wallets saw more action, with 37 transactions moving a hefty 870.9 BTC, including a notable transfer of 250 BTC. Even 2014 wallets joined the party, moving 444.94 BTC in six transactions.
⏳ However, the pace slowed for 2015 and 2016, with modest transfers totaling 0.015 BTC and 185.95 BTC respectively. It was the 2017 wallets that showed the second-highest activity, with 27 transactions moving 680.23 BTC.
💰 In total, these vintage movements accounted for around 2,291.20500001 BTC, worth roughly $131 million. Yet, this figure pales compared to July's 6,536.17 BTC and June's 4,681.438 BTC.
🚀 The decline in spending hints at a cautious approach by long-term holders, perhaps reflecting market uncertainty or strategic patience. As we enter 2024, it seems these bitcoin veterans are tightening their grip on assets, waiting for even greater price surges.
💤 August witnessed a slumber for dormant 2010 wallets, with no signs of activity. These vintage addresses are becoming scarce, but three from 2011 did break their silence, transferring 98.18 BTC after a decade of stillness.
📈 2013 wallets saw more action, with 37 transactions moving a hefty 870.9 BTC, including a notable transfer of 250 BTC. Even 2014 wallets joined the party, moving 444.94 BTC in six transactions.
⏳ However, the pace slowed for 2015 and 2016, with modest transfers totaling 0.015 BTC and 185.95 BTC respectively. It was the 2017 wallets that showed the second-highest activity, with 27 transactions moving 680.23 BTC.
💰 In total, these vintage movements accounted for around 2,291.20500001 BTC, worth roughly $131 million. Yet, this figure pales compared to July's 6,536.17 BTC and June's 4,681.438 BTC.
🚀 The decline in spending hints at a cautious approach by long-term holders, perhaps reflecting market uncertainty or strategic patience. As we enter 2024, it seems these bitcoin veterans are tightening their grip on assets, waiting for even greater price surges.