Bitcoin OGs Return: A Rise in 10-Year Old BTC Spending This Cycle

Recent on-chain data indicates a surge in activity among long-time Bitcoin investors during the current market cycle.

Large Movements in Bitcoin 10+ Year Old Tokens

CryptoQuant’s Head of Research, Julio Moreno, highlighted an increase in activity among original Bitcoin investors compared to previous cycles.

Bitcoin Ogs Return: A Rise In 10-Year Old Btc Spending This Cycle

The “10+ Year-old Coins Expending Ratio” measures the movement of coins dormant for over a decade within the last 30 days, reflecting a rise in activity from long-time investors, which is uncommon and noteworthy.

A chart displays the trend in the 10+ Year-old Coins Expending Ratio, showing a significant spike in March, reaching an all-time high of 3.7%, likely driven by profit-taking following an ATH break.

Following a decline during a price correction, the ratio rebounded to 2.5%, indicating continued awakening of ancient whales in recent months.

Old coins movement typically associates with long-term holders, potential losses, or forgotten wallets, with some sales possibly from long-standing OGs and others from new investors.

BTC Price

Bitcoin is currently trading at approximately $68,500, showing a 2% increase in the last week.

Bitrabo Editorial
Bitrabo Editorial
Editorial Team

The Bitrabo Editorial team is the collective voice behind Bitrabo’s trusted crypto coverage. From breaking news and market updates to in-depth research and guides, this account represents the combined efforts of our writers, analysts, and editors. Every article published under Bitrabo Editorial is fact-checked, curated, and written to inform, empower, and guide our growing global audience through the world of Web3, blockchain, and digital finance. When you see Bitrabo Editorial, you’re reading insights directly from the heart of our newsroom.