Bitcoin

Bitcoin&#39;s network experienced significant on-chain activity this week, with dormant assets being reintroduced into circulation. Data from Santiment highlights a notable surge in dormant <a href="https://cryptotale.org/bitcoin-transactions-from-mt-gox-spark-hope-in-creditors/" rel="noopener noreferrer nofollow">Bitcoin transactions</a>, with $37.4 billion in volume recorded on a single day. This marks the highest daily on-chain transaction volume since March 12, signaling a potential shift in market dynamics. A giant whale withdrawal from Binance further underscores this trend, emphasizing the reactivation of previously inactive Bitcoin.<h2 id="header-0">Spike in Dormant Bitcoin Transactions</h2>Santiment&#39;s analysis of the <a href="https://cryptotale.org/analyst-forecasts-bitcoin-to-reach-124k-in-2024-2026-cycle/" rel="noopener noreferrer nofollow">Bitcoin</a> network revealed that a large portion of the $37.4 billion daily volume consisted of older Bitcoin, which had been inactive for a significant period. This spike in “age consumed” metrics indicates that long-dormant assets were moved back into circulation, potentially signaling renewed activity from institutional players or long-term holders. A noteworthy example included a $15.6 million transaction from Binance, contributing to the large movement seen on the network.This return of stagnant Bitcoin into circulation is generally seen as a positive indicator for future market movements. Historically, increased activity from dormant addresses has often preceded price changes. The involvement of older Bitcoin increases the significance of the day&#39;s transaction volume. This suggests that whale activity or major institutional transfers may be influencing the market.<a href="https://cryptotale.org/bitcoin-volume-spikes-to-37-4b-amid-dormant-whale-moves/" rel="noopener noreferrer nofollow">Read more on Cryptotale.</a>Visit the links for more information <a href="https://cryptotale.org/" rel="noopener noreferrer nofollow">Website</a> | <a href="https://twitter.com/cryptotalemedia" rel="noopener noreferrer nofollow">Twitter </a>| <a href="https://t.me/cryptotale_news" rel="noopener noreferrer nofollow">Telegram </a>| <a href="https://www.instagram.com/cryptotalenews/" rel="noopener noreferrer nofollow">Instagram </a>|

Bitcoin Volume Spikes to $37.4B amid Dormant Whale Moves

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