{"id":16005,"date":"2025-03-04T06:02:13","date_gmt":"2025-03-04T06:02:13","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=16005"},"modified":"2025-03-04T06:02:13","modified_gmt":"2025-03-04T06:02:13","slug":"bitcoins-sleeping-giants-awaken-old-whales-resurface-amid-price-surge","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=16005","title":{"rendered":"Bitcoin\u2019s Sleeping Giants Awaken: Old Whales Resurface Amid Price Surge"},"content":{"rendered":"
\n

On-chain data shows the dormant Bitcoin whales have come back alive to make moves following the latest price surge in the cryptocurrency.<\/p>\n

Old Bitcoin Whales Have Just Made Several Transactions<\/h2>\n

As explained by CryptoQuant community analyst Maartunn in a new post<\/a> on X, there have been several transfers involving old tokens of the cryptocurrency during the past day.<\/p>\n

The on-chain indicator of relevance here is the \u201cSpent Output Age Bands<\/a>,\u201d which tracks the transaction activity of the various Bitcoin \u2018age bands.\u2019 An age band defines a time-range inside which the coins contained by it were last moved on the network.<\/p>\n

The 6 months to 12 months band, for example, includes the tokens that were last involved in a transaction between six and twelve months ago. If the owners of these coins include them in a move, the Spent Output Age Bands would spike for the band.<\/p>\n

Now, here is the chart shared by the analyst, that shows the latest trend in the indicator for the 7 years to 10 years and 10+ years age bands:<\/p>\n

\"Bitcoin<\/p>\n

As is visible in the above graph, the Spent Output Age Bands has registered a few spikes from each of these age bands in the last 24 hours. This means that coins that were previously dormant for at least seven years have just been brought out of the freezer.<\/p>\n

Given that the transactions followed the cryptocurrency\u2019s recovery back above $90,000, it\u2019s possible that these old whales made them to take profits. If so, it could be a bearish sign for the asset, considering how long these coins were dormant for.<\/p>\n

Something to note, though, is the fact that when tokens get older than seven years, they become more likely to have reached their age by being lost, rather than by being HODLed<\/a>. Coins are said to be \u2018lost\u2019 when the keys associated with the wallet holding them become misplaced.<\/p>\n

Thus, it\u2019s possible that the investors who have made these transactions in the past day only recently rediscovered the keys attached to the addresses. If they were truly HODLing by their own volition thus far, though, them deciding to sell now would suggest these diamond hands<\/a> don\u2019t believe Bitcoin would get much higher.<\/p>\n

A cohort that\u2019s more likely to contain willful HODLers is the 5 years to 7 years one and it turns out coins falling in this age band have also seen significant movement in the last 24 hours.<\/p>\n

\"Bitcoin<\/p>\n

BTC Price<\/h2>\n

It would seem that the decision to sell from the dormant whales may not have been such a bad one as Bitcoin has already erased most of its gains from the rally, with its price falling back to $87,500.<\/p>\n

\"Bitcoin<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

On-chain data shows the dormant Bitcoin whales have come back alive to make moves following the latest price surge in the cryptocurrency. Old Bitcoin Whales Have Just Made Several Transactions As explained by CryptoQuant community analyst Maartunn in a new post on X, there have been several transfers involving old tokens of the cryptocurrency during […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-16005","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/16005","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=16005"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/16005\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=16005"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=16005"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=16005"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}