Old Bitcoin coins going dormant may signal an early bull market, analysis says
A new analysis shows the share of Bitcoin's realized cap held by coins unmoved for 18 months or longer has declined. The analysis links this to the early stages of a bull market. For traders, it may point to growing bullish momentum, though it is only one analysis.
Why it matters
- Long-unmoved coins hold a smaller share of Bitcoin's realized cap than before.
- The analysis connects this trend to the early stages of a bull market.
- This is a single analysis, so treat it as a signal rather than a confirmed trend.
What to watch next
Watch whether Bitcoin keeps its recent rally and whether the share held by long-dormant coins continues to fall in future data.
