Some times I read articles that write about very old bitcoins like come from 2010, 2011 years. They woke up and were moved in on chain transactions in 2023.
I read some discussions that those old bitcoin movements can create fear on the market. People think those old bitcoins can be dumped on the market and will cause a price fall.
I don't think those old bitcoins are enough to dump the market. Those coins and movements only cause uncertainty and affect people with weak mentality.
Please share your opinion.
Please can you elaborate more on this, because you are kind of getting us confused with the word "old Bitcoin" because Bitcoin is Bitcoin and there is nothing like old or new Bitcoin. But there are people who happened to have bought bitcoin large amount of Bitcoin very cheap during it's early stage (i.e 1000 & above BTC) and those people are always referred to as "whales", whereby when such people tend to sell their coins it always has a great influence on the market due to it's large amount. So is that what you meant? @ O.P