The resurgence of Bitcoin has sparked renewed activity among coins that have remained untouched for an extensive period. Recent on-chain data reveals a notable uptick in coin movement, nearing peaks not seen since last year, signaling a potential shift in market dynamics.
Revived Interest in Long-Dormant Bitcoin
A fresh wave of activity is emerging within the Bitcoin network, as previously inactive BTC is now coming back into circulation. As noted by industry experts from CryptoQuant, there has been a significant shift during the current year, prompting discussions across various platforms.
With several months remaining in 2025, this surge in dormant coin transactions is already approaching levels witnessed in 2024. Reports indicate that bitcoins that have been inactive for over seven years are now being moved at a frequency reminiscent of early 2024. Interestingly, the last two years have seen a remarkable rise in these movements.
This phenomenon could indicate a pivotal moment in Bitcoin’s market landscape, particularly as its price hovers near significant highs. According to insights from CryptoQuant, this situation transcends a regular bull market; it represents a profound transformation in the control of Bitcoin’s future supply.
In 2024, over 255,000 dormant BTC were reactivated, and in 2025, that number has already exceeded 215,000 BTC, demonstrating significant momentum with months still left in the year.
Beyond the sheer volume of dormant bitcoins being moved, there are deeper trends at play. Notably, there has been a substantial rise in Bitcoin’s average monthly transaction volume and the average size of transactions, reflecting higher market engagement and strengthened investor confidence.
Over the past two years, Bitcoin’s average monthly volume has leaped from 4,927 BTC in 2023 to 30,674 BTC in 2025. Additionally, average transaction sizes have grown significantly from 162 BTC to 1,011 BTC. CryptoQuant suggests that these increases are indicative of strategic reallocations by large-scale investors rather than casual retail trading.
Indicators Suggesting Market Transition
Even with impressive gains, indicators point to a potential cooldown period for this ongoing bull market. Recent analysis of the Net Unrealized Profit/Loss (NUPL) metric by CryptoQuant reveals crucial insights into market sentiment.
The data analysis shows that long-term holders are displaying a strong commitment to retaining their assets, operating confidently within profitable ranges (NUPL above 0.5). However, short-term holders appear to be nearing lower profit thresholds, which may indicate potential sell-offs or pressure to liquidate. CryptoQuant emphasizes that while long-term holders maintain a bullish trend, short-term dynamics could introduce corrections in the near future.
