Analysts are warning of a potential downturn for Bitcoin as over 100,000 old coins are suddenly on the move.
Crypto analysis firm Cryptoquant noticed a significant increase in network activity, particularly in the use of older coins, signaling potential selling pressure.
Reports indicate an influx of coins from dormant wallets, including wallets that have been inactive for nearly a decade.
Analysts question the motivations behind these movements and whether they could be a strategic decision to capitalize on Bitcoin's current price levels or a shift in market sentiment.