Bitcoin Dormant Wallets Suddenly Surge in Activity: Could Market Sentiment Be Changing?

A significant jump in Bitcoin transactions involving long-dormant wallets has been observed, according to CryptoQuant data. In the first quarter of 2025, there was a staggering 121% year-over-year increase in these transactions. Analysis shows that over 62,800 Bitcoins aged more than seven years were moved between January and March 2025, a substantial jump from just 28,000 during Q1 2024.