October’s Dormant Bitcoin Awakenings Cool as Transfers Plunge 81% From August
Not investment advice. Muhabbit scores how much a story may matter, not which way to trade.
Dormant Bitcoin wallets moved 2,159.15 BTC worth $167.56 million in October, an 81% drop in transfer volume from August and the second straight monthly decline. Wallets created in 2013 accounted for most of the activity, while coins from Bitcoin's earliest years stayed put. The slowdown suggests long-term holders are increasingly content to sit tight rather than realize gains. Watch whether November brings a rebound in old-coin spending or extends the cooling trend.
Muhabbit's AI wrote this summary in its own words from Bitcoin.com News's report. It can get details wrong, so check the source.
Named in this story
Bitcoin