Re: 1% of Bitcoin dormant supply moved from long-term storage in November

Quote from: BLU on Today at 09:07:07 AM

It looks like we may see some big movements since 185 600 bitcoins ($3.6B) were transfered on blockchain from the addresses that hadn't been touched for 12 months. In my opinion it's a positive sign because there are a lot of positive news for Bitcoin with many big wallets entering the market, it could be them too who moved bitcoins from long-term storage. What do you think?
https://cointelegraph.com/news/3-6-billion-worth-of-bitcoin-coaxed-from-long-term-storage-by-november-rally

The Bitcoins inside the wallet haven't been touched for 12 months,but some new crypto whale,who is entering the market would move them?You are contradicting to yourself.
The coins probably belong to some old and experienced crypto whale or a cryptocurrency exchange platform.
I'm pretty sure that more long term HODLers will try to sell their BTC,if the bullish market continues.
This isn't always a bad sign,if the demand for Bitcoins remains strong,the BTC price might not face a correction.