Bitcoin experienced a significant rise last week, breaking out of its recent range and entering a period of high volatility. This surge in activity also saw previously stagnant networks showing signs of renewed activity.

Short-term holders transferred 33,155 bitcoins, as indicated by the 1w-1m spent output age bands. This movement could introduce immediate selling pressure. The current slowdown in price suggests that Bitcoin might undergo a temporary pullback.

If these age band movements continue to increase, extra caution is advised as volatility could intensify. Monitoring these trends closely is essential for market participants.