A recent analysis by CryptoQuant founder Ki Young Ju suggests that ancient Bitcoin whales—those holding BTC for over seven years—continue to hold their assets unmoved. 

According to him, these long-term investors are still “sleeping.” He highlighted that these dormant holders have historically had a significant influence on market volatility when they decide to move their Bitcoin, especially depending on whether the transfers are made to exchanges or private wallets.

Ki Young Ju’s data excludes outliers like Mt. Gox. It focused on genuine long-term holders who possess substantial amounts of Bitcoin. He noted that no significant deposits have been made by these whales to exchanges recently, indicating they may be waiting for more favorable market conditions.

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