According to Odaily, data from the blockchain indicates that long-standing Bitcoin investors are becoming active at a notable rate in the current cycle. Julio Moreno, research director at CryptoQuant, has analyzed that Bitcoin tokens, which have not been used for over a decade, have recently moved in large numbers. In March, this indicator reached a historic high of 3.7%. This trend is particularly evident when Bitcoin prices reach new highs, mainly driven by the motivation to realize profits.
Although the proportion has declined with the fluctuation of Bitcoin prices, the recent price recovery has caused this indicator to rise again, currently standing at 2.5%. While this is lower than the peak in March, compared to historical data, this proportion is still high. The movement of these ancient tokens is usually associated with long-term holders, also known as HODLers.