Analysis: Bitcoin long-term holders were not distributed on a large scale, and early tokens were once again active due to the Coldcard hack

Comparing news, CryptoQuant analyst Axel Adler Jr. According to the publication, the 30-day moving average of the Bitcoin Average during the dormant period rose to 19 days and reached the 365-day moving average for the first time since the beginning of the year. BTC, which was previously hoarded, is becoming active again. But after the Coldcard hack, this part of the rise probably wasn't due to sell-offs, but was related to large amounts of BTC being transferred to new wallets. Therefore, the current rise in the dormant period should not be automatically interpreted as distribution by long-term holders.

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