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Average Dormancy shows the average number of days burned per coin in any given day. The rise of the indicator shows that the age of the coins transferred during the day is growing and that old investors are putting Bitcoin into circulation.
As pointed out by CryptoQuant CEO, a total of 95 thousand 90 Bitcoins between 3-5 years old were transferred during the day. It is estimated that these flow to over-the-counter platforms, as they do not flow to exchanges.
It is possible that one of the old whales sold these Bitcoins at a high profit. According to one crypto follower, this could trigger a negative move in price in the short term.
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