CryptoQuant Head of Research: 10+ Year BTC Spending Frequency Percentage Remains High

On-chain data shows that ancient Bitcoin investors are awakening at a remarkable rate in the current cycle. Bitcoin tokens unspent for more than 10 years have recently moved massively, according to analysis by CryptoQuant's head of research, Julio Moreno.In March, the metric reached an all-time high of 3.7 percent. This trend was particularly pronounced when Bitcoin's price hit new highs, largely motivated by profit-taking. While the percentage subsequently declined as the price of bitcoin fluctuated, the recent price recovery has caused the indicator to rise again, with a current value of 2.5 percent. Although lower than the peak in March, the ratio is still high compared to historical data. The movement of these ancient tokens is usually associated with long-term holders (HODLers).