CryptoQuant contributor Maartunn reported via Twitter that a large amount of dormant Bitcoin (BTC) has been moved. This is the largest movement of dormant BTC in the last six years. The moved BTC have been dormant for 8-10 years, which suggests that long-term holders are starting to sell their coins. This could be a sign that the market is about to turn bearish, as long-term holders are typically the last to sell their coins. However, it is also possible that these holders are simply taking advantage of the recent price increase to sell their coins at a profit. Only time will tell what the true meaning of this movement is.

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