Bitcoin's dormant coin activity dropped to its lowest point since Q3 2022, signaling a notable slowdown in profit-taking by long-term holders. This decline indicates that early investors, often referred to as Bitcoin OGs, are holding onto their assets more firmly after a period of heavy distribution.
The reduction in movement of these dormant coins suggests a shift in strategy among seasoned holders, possibly waiting for more favorable market conditions or expecting further price appreciation. Earlier, heavy selling from these groups had contributed to volatility, but the current trend may bring more stability.
