Bitcoin Holdings Surge as Long-Term Holders Drive High Transfer Volume

Recent data from Glassnode reveals a significant increase in activity among long-term Bitcoin holders, with total transfer volume for those holding for 1 to 5 years reaching $4.02 billion, marking the highest level since February this year. This group saw noteworthy contributions from 3-5 year holders ($2.16 billion), surpassing the previous peak of $6 billion in March 2024. Meanwhile, 2-3 year holders transferred $1.41 billion, and 1-2 year holders moved $450 million. This recent activity among long-term Bitcoin holders is a notable indicator of a potential increase in their confidence to release holdings.