31,968 BTC, equivalent to about 3,780 million dollars, left their lethargy between 3 and 5 years. This movement is the first of such magnitude in more than a year for this age group.
An analysis by Ja Martuun, published by the on-chain Cryptoquant data provider, described This movement as “a rare event.” The following graph shows that similar displacements have coincided with key moments in Bitcoin’s trajectory.
There is shown The amount of bitcoin that has been “sleeping” for a time and suddenly “awakens” And moves. The highest red peaks correspond to moments of large volume of “old” coins moving,
For example, on January 24, 2024, the transfer of 33,803 BTC marked a fund in the price, while on March 23 of that year, the 95,090 BTC movement indicated a local maximum.
Other cases, such as those registered on June 22 (43,641 BTC) and on July 30, 2024 (29,994 BTC), also accompanied inflection points, whether for sale pressure or by peaks in the price.
In this context, The recent movement of 31,968 BTC could be an indication of imminent action. “Do not be surprised if the market moves from here,” Cryptoquant warned, highlighting that these peaks usually anticipate volatility.
Possible profits
The activation of these currencies could be translated into sales to ensure benefits. This would explain the correction phase that Bitcoin is going through, which last week reached a historical maximum of $ 124,000 before going back to the current $ 116,000.
If the holders decide to sell, The price could be kept lateral for a time, while the market absorbs the additional offer.
However, not everything points to a short -term bearish trend. The current correction seems to respond to natural dynamics after a historical maximum, and the movements of old currencies are usually a prelude to significant, not necessarily negative changes.
Institutional trust in Bitcoin does not stop
Despite recent volatility, The medium and long -term perspectives for Bitcoin are still optimistic. Institutional purchases do not stop, as indicated by cryptootics.
Strategy, the public contribution company with greater possession of Bitcoin, added 430 BTC to its reservation today, August 18, raising its total at 629,376 BTC.
For its part, Metaplenet, a Japanese firm, acquired 775 BTC, consolidating its position as the seventh largest corporate holder with 18,888 BTC. Together, public companies accumulate 977,451 BTC, a reflection of growing currency confidence.
This institutional accumulation reinforces Bitcoin’s narrative as a strategic asset. Stony Chambers, an investment firm, projects that the price could exceed $ 175,000 before 2026, with a bullish scenario that would take it to $ 300,000.
Why is Bitcoin attractive?
In the long term, Bitcoin’s unique properties support its bullish potential. Its scarcity, limited to a maximum of 21 million units, positions it as a robust value reserve.
In addition, its resistance to censorship and its unconfiscable nature make it an attractive refuge in times of crisis, where governments have historically resorted to confiscatory measures to address tax deficits.
The recent awakening of 31,968 BTC has put the market on alert. While the possible sale of these currencies could prolong the current correction, Institutional trust and fundamental characteristics of Bitcoin point to a promising future.
