Bitcoin dormant for 5 years or more awakens in new 'distribution'

Bitcoin long-term holder "inactivity" is being slowly challenged as BTC emerges from hibernation, in some cases lasting over a decade.CryptoQuantCryptoQuant’s Spent Output Age Bands metric shows that on June 2 alone, 2,800 BTC moved on-chain for the first time in between two and three years.

“Old coins moving, after old coins moving, after old coins moving,” CryptoQuant contributing analyst J. A. Maartunn wrote in part ofDecade-old coins moving on-chain in fact occurs fairly regularly, but the latest stage of the Bitcoin bull market has seen an uptick in frequency.

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