Bitcoin’s Older Wallets Spark Activity: $4 Billion in Spending Surges

On-chain data agency Glassnode highlights a surge in Bitcoin spending by older wallets, exceeding $4 billion. This marks the highest level since February this year and follows a notable increase in activity from 3-5 year old wallets. Analysis reveals these wallets are currently moving a substantial amount of BTC after having accumulated over $2.16 billion worth of Bitcoin. The report further breaks down spending trends across different cohorts, with insights on their respective outflows.