Transfers with long-dormant coins have Who gets the cheese?surged in the first quarter Advertisement

According to data provided by CryptoQuant, there has been a 121% year-over-year increase in Bitcoin transactions involving long-dormant wallets in the first quarter of 2025. 

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Dormant Bitcoin Awakens: Old BTC Moves Surge in 2025

“62,800 $BTC aged over 7 years were spent between January and March 2025, versus 28,000 $BTC during Q1 2024 — marking a 121% increase in the movement of old coins.” – By @onchainschool pic.twitter.com/2b8xu4TfcR

— CryptoQuant.com (@cryptoquant_com) April 23, 2025

The sudden uptick might indicate that sentiment is changing among long-term holders. 

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According to the CryptoQuant chart, there was a massive surge in dormant wallet activations over the period from November 2024 to January. The highest peak was reached in January. 

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This was likely driven by the massive rally, during which the price of the largest cryptocurrency finally surged above the $100,000 level. 

Earlier today, the price of the leading cryptocurrency spiked to an intraday high of $94,320, recovering from the recent tariff-induced correction. The cryptocurrency is up 0.56% since the start of the year.