With the movement of 10-Year Whales in Bitcoin, the critical threshold has surpassed 50! - Coin Bulletin

The sudden movement of 1,057 Bitcoins that have been inactive for 7 to 10 years, (BTC), has raised comments that investors are taking action to sell.

According to CryptoQuant analyst Maartunn's latest post, old Bitcoins that have not moved for about 7-10 years recently changed wallets. This movement, in which a total of 1,057 BTC were relocated, created curiosity and concern in the markets. The Bitcoin Spent Output Age Bands (Spent Output Age Bands) metric also surpassed the critical threshold of 50 with this development.

The reactivation of BTCs that have not moved for a long time is generally interpreted as a sell signal for long-term investors. Looking at Bitcoin's past price movements, it is known that significant price fluctuations have occurred in similar situations. Therefore, investors have started to closely monitor the market.

Why is the market worried?

The sudden movement of old coins generally creates expectations of a decline in the price of Bitcoin. This is because such movements may indicate that whales or early investors are preparing to sell. Especially with the recent rise in BTC prices, the likelihood of long-term investors realizing profits has increased even further.

On the other hand, some analysts point out that this situation may not indicate a significant change in the market, but rather could be a simple transaction such as a personal transfer or wallet refresh.