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Some 6,427.59 BTC worth about $507 million left long-idle addresses across 188 separate dormant-coin transfers between August 1 and 30, versus just 1,264.16 BTC in July, lifting the daily average to 214.25 BTC from 40.78 BTC, a 5.3x jump. The market channel is potential supply overhang and sentiment risk: old-coin reactivation can signal long-term holder distribution and weigh on BTC spot bid if the coins land on exchanges, while the concurrent focus on wallet and key security raises the odds these are defensive re-custody moves rather than sales. Confirmation requires tracking whether these addresses forward balances to centralized exchange deposit wallets or to fresh cold storage; without exchange inflow follow-through, the flow is closer to custody rotation than a distribution signal.
As a Crypto signal, watch whether it changes price action, volatility, or flows around BTC.
Original Source: 토큰포스트
This page is market information analysis, not investment advice.
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