Odaily Planet Daily News On-chain data shows that ancient Bitcoin investors are awakening at a significant rate in the current cycle. According to analysis by Julio Moreno, head of research at CryptoQuant, Bitcoin tokens that have not been spent for more than 10 years have recently moved massively. In March, it hit a record high of 3.7%. This trend is especially evident when Bitcoin prices hit new highs, mostly motivated by profit-taking. Although the ratio subsequently declined as Bitcoin prices fluctuated, the recent price recovery has seen the metric rise again, with its current value at 2.5%. While down from the peak in March, the ratio is still high compared to historical data. The movement of these ancient coins is often associated with long-term holders (HODLers).