The Japanese are crazy traders as well, so we might even attribute these price rises with some of them revisiting their trading accounts
Traders are not really determined by high or low prices as they can profit in both a spiking and a falling market as long as there's volatility, so I'm thinking these might not be traders but rather hodlers who have been holding on to their assets during the bearish period.
... a BTC address is considered dormant despite the fact it still receives transactions. See for example the
Top Dormant for 5 years Bitcoin Addresses and the last in dates. What matters is the last TX out
I feel dormant is not the right phrase to use; strong hands or hodlers has a better ring as they were not out of the crypto space and may have been steadily accumulating in preparation for an increase in the price.