A significant surge of over 8% of Bitcoin’s total supply has been observed in the past week, according to new data from Glassnode. This unusual network event has historically appeared only during severe market downturns, mirroring the periods surrounding major lows like December 2018 ($3,500) and March 2020 ($5,000). The surge is reflected in a dramatic increase in recent spending outputs, exceeding the red 8% threshold often used as a marker of capitulation. Each previous instance correlated with significant market reversals, suggesting similar patterns may be unfolding once again. The sudden movement of a large portion of older coins signifies an intense phase of stress within the market. This is typically followed by a shift in accumulation, indicating potential buying opportunities for long-term investors. While this doesn’t guarantee a bottom, such large-scale movement almost always signals a moment of extreme stress and a renewed cycle of accumulation. Traders are now scrutinizing Bitcoin for signs of a major trend reversal following the recent activity.