Dormant Bitcoin Activity Hits Lowest Level Since Q3 2022, Galaxy Research Says

BitcoinWorld Dormant Bitcoin Activity Hits Lowest Level Since Q3 2022, Galaxy Research Says On-chain data reveals that dormant Bitcoin activity has fallen to its lowest level since the third quarter of 2022, according to a recent report from Galaxy Research.

The decline indicates that long-term holders are increasingly reluctant to part with their assets, a trend that typically reduces sell pressure in the market.

What the Data Shows Galaxy Research, the analytics arm of Galaxy Digital, observed that between August 16 and 26, only 553 BTC moved from six old wallets.

The firm described this as an exceptional case rather than a typical pattern, emphasizing that when older coins do not move, they do not flow to exchanges, do not create selling pressure, and do not test market liquidity.