Is Bitcoin’s Old Guard Making a Comeback? Dormant Coins Waking Up in 2025!

by

Well, well, well. It seems Bitcoin, ever the drama queen, has decided to rise from its slumber and give us all a show. The crypto market, once again showing that volatility is its middle name, has seen Bitcoin pull itself above $93,000, breaking through those pesky resistance levels. But the real kicker? It’s not just the newbies who are making waves in the market – it’s the old-timers. Yes, those ancient Bitcoin wallets that have been gathering dust for years are finally stirring. Could it be a return to glory? A signal that the market is about to get *really* interesting again? Let’s take a closer look, shall we?

The Bitcoin Renaissance: Not Your Grandma’s Coin

2025 is shaping up to be the year of the “old Bitcoin,” as it turns out that long-dormant BTC is getting a second wind. Just when everyone thought the old dogs had lost their bite, the market decided to make a triumphant comeback. Bitcoin’s price jumped past $93,000, and in a shocking twist, the coins tucked away in old wallets are starting to stir. Talk about a plot twist!

According to CryptoQuant’s own OnChainSchool, there’s been a *dramatic* uptick in old BTC moving. How dramatic, you ask? Well, more than double the amount of BTC, that’s how much. In the first quarter of 2025, more than 62,800 BTC, all over 7 years old, found their way into circulation. Compare that to the measly 28,000 BTC moved in the same period of 2024, and you’re looking at a 121% increase in old coins on the move. Someone’s been busy! 😱

Now, before you go thinking this is all a coincidence, remember this doesn’t even include the Mt. Gox fiasco from 2024. That would be a whole different episode. So, what does it all mean? Well, these long-dormant coins waking up could be a signal that the early investors are feeling pretty confident about Bitcoin’s future. Maybe it’s profit-taking, maybe it’s just a fresh round of excitement, but something’s definitely in the air.

Who’s Holding, Who’s Selling? The Great BTC Shuffle

As Bitcoin hovers near critical resistance levels, the behavior of its holders has begun to look like a game of musical chairs. Long-term holders (LTH) are playing the accumulation game, happily stacking more coins. Meanwhile, short-term holders (STH) are—well, let’s just say they’re not playing so wisely. They’re selling into weakness. If this was a reality show, they’d be the ones voted off the island. 👋

Recent reports reveal that long-term holders have been accumulating BTC at a rapid clip, while short-term holders have been capitulating, selling off their holdings in droves. In fact, BTC’s Long-Term Holder Net Position Change has turned positive for the first time since the last local top, a signal that seasoned investors are back in the game. Meanwhile, short-term holders are watching their net outflows get deeper into negative territory. Ouch.

Read More

2025-04-24 17:23