May 1, 2025
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Bitcoin Whales Move 8,003 BTC Worth Over $760 Million
Recent on-chain data indicates that Bitcoin whales who have held their assets for 3 to 5 years are now moving significant amounts of BTC.
Key Insights
- Old Bitcoin investors are showing activity, as highlighted by CryptoQuant analyst Maartunn.
- The Spent Output Age Bands (SOAB) indicator tracks transactions based on when coins were last moved.
- The 3- to 5-year age band has seen a transaction of 8,003 BTC, valued at over $760 million.
- Typically, longer-held coins indicate less likelihood of future selling.
- Movement from this age cohort could suggest potential selling motives among these long-term holders.
- Current BTC price is around $95,100, up nearly 2% in the past week.
