CryptoQuant Research Director: BTC spending frequency over 10 years remains high

Odaily Odaily News Chain data shows that old 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 moved for more than 10 years have recently moved on a large scale. In March, the indicator reached 3.7%, a record high. This trend was particularly evident when Bitcoin prices hit new highs, mainly motivated by profit-taking. Although the ratio subsequently declined as Bitcoin prices fluctuated, the recent price recovery has caused the indicator to rise again, with the current value of 2.5%. Although lower than the peak in March, the ratio is still high compared to historical data. The movement of these old tokens is usually related to long-term holders (HODLers).