- Bitcoin’s 10-year coin band just spiked past 80K, marking the largest-ever movement of dormant BTC since 2015.
- Long-term holders now control over 14.5M BTC, showing unwavering conviction despite sharp price swings across 2024 and 2025.
- Diverging wallet activity shows some whales moving capital while others tighten supply, keeping short-term volatility in play
Bitcoin’s 10-year age band has printed its largest spike ever, signaling rare, aggressive movement from OG holders. In a post by Coin Bureau, this activity was described as the biggest one-day move of decade-old coins in Bitcoin history. A vertical green bar on the CryptoQuant chart confirms a sharp spike above 80K.
The “10y ” band stands alone in volume, clearly separate from all other age categories dating back to 2015. No other segment reflects such intensity or direction, reinforcing this as a unique event. These coins had not moved in over a decade until this sudden surge.
This raises market questions around destination-whether they moved to exchanges, OTC desks, or cold storage. Such reactivations shift market dynamics and often introduce volatility. Therefore, traders are closely tracking where these coins land next.
Long-Term Holders Break Record Supply Levels
Simultaneously, long-term holders have pushed Bitcoin’s anchored supply to an all-time high above 14.5 million BTC. According to Glassnode, wallets inactive for over 155 days now hold the largest portion of the total BTC supply. This trend appears on the chart as a rising black line throughout 2024 and into 2025.
Meanwhile, the orange BTC price curve shows significant volatility but climbs in parallel. Despite sharp pullbacks, holders didn’t capitulate, revealing strong market conviction. This resilience continues to cushion short-term price dips.
Historical comparisons show a rise from under 10M BTC in late 2018 to over 14.5M BTC today. Even during 2021–2022 volatility, the long-term cohort retained or expanded positions. This behavior is often seen as a stabilizing force in the ecosystem.
Market Implications of Diverging Wallet Behavior
The simultaneous movement of old dormant wallets and rising long-term supply reflects diverging wallet behaviors. Some whales may be reallocating capital, while others tighten their grip.
This divergence could indicate broader tax strategies, liquidity deployment, or institutional preparation. When decade-old wallets are reawakened, market participants tend to interpret it as a macro signal. Thus, price volatility or liquidity shifts can follow.
With no signs of forced selling, the market currently leans toward net accumulation. Short-term reactions will depend on whether these OG coins reach exchanges or remain isolated.
Final Outlook
Bitcoin’s supply landscape now shows both historic movement and record conviction. While OG whale activity may disrupt the flow, anchored holders provide lasting price support.
