CandleFocus

Fewer Bitcoin Moves From Vintage Wallets in October—A Signal to Hold?

In October, a total of 1,970.401 BTC was transferred from vintage wallets created between 2010 and 2017. This suggests that some early adopters are selling their bitcoin holdings, despite the rise in BTC prices. The majority of the transfers were from addresses dating back to 2011, with a combined total of 442.76 BTC. Additionally, transactions from 2012 and earlier seem to be connected, potentially indicating the same entity cashing out funds via Bitstamp. Overall, these moves from dormant bitcoin wallets suggest that early adopters are taking a patient approach to selling their bitcoin, balancing their belief in bitcoin's future potential with timing their sales for maximum gains.

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