31,968 BTC was worth about $37.8 million, leaving him lethargic between three and five years. The move is the first of such a magnitude for this age group in over a year.
An analysis by Ja Martuun, issued by an on-chain cryptographic data provider, described the move as a “rare event.” The following graph shows it A similar displacement coincides with a key moment in the Bitcoin trajectory.
It is displayed The amount of Bitcoin that has been “slept” for a while suddenly “waking up.” And moves. The best red peak corresponds to moments of “old” coins.
For example, on January 24, 2024, the relocation of 33,803 BTC marked the price fund, while on March 23, that year, a movement of 95,090 BTC showed the local maximum.
Other cases, such as those registered on June 22 (43,641 BTC) and July 30, 2024 (29,994 BTC), also had inflection points due to price peaks, whether it was sales pressure.
In this regard, 31,968 BTC’s recent moves could be a sign of imminent action. “Don’t be surprised if the market moves from here,” Cry warned, emphasizing that these peaks usually predict volatility.
Possible benefits
The activation of these currencies can be translated into sales to ensure profits. This explains the correction stages that Bitcoin is passing through. This reached a historic maximum of $124,000 last week before returning to its current $116,000.
If the holder decides to sell, Prices can be kept horizontal for a while while the market absorbs additional offers.
However, not all refer to short-term bearish trends. The current revision appears to respond to natural dynamics after the historical maximum, with older currency movements usually not necessarily negative changes, but rather preludes to important important changes.
Institutional trust in Bitcoin never stops
Despite recent volatility, Bitcoin’s medium-term perspective is still optimistic. As indicated by encryption, facility purchases will not be stopped.
Strategy, a public contributor with ownership of Bitcoin, added 430 BTC to today’s booking on August 18th. Increase total with 629,376 BTC.
Japanese company Metaprenet acquired 775 BTC and consolidated its position as the seventh largest corporate holder with 18,888 BTC. Jointly, public companies accumulate 977,451 BTC..
This institutional accumulation strengthens the Bitcoin narrative as a strategic asset. Investment company Stony Chambers predicts prices could exceed $175,000 before 2026.
Why is Bitcoin so attractive?
In the long run, Bitcoin’s unique properties support bullish potential. Its rarity, limited to a maximum of 21 million units, places it as a robust value reserve.
Moreover, resistance to censorship and its identifiable nature make it an attractive shelter in a time of crisis, when governments have historically relied on forfeiture measures to address tax deficits.
31,968 BTC’s recent awakening has made the market wary. The possibility of selling these currencies could extend the current revision; Bitcoin’s institutional trust and fundamental characteristics point to a promising future.
