Bitcoin OG selling eases as dormant BTC movement hits 4-year low: Thorn

60-second summary

Dormant Bitcoin activity has reached a 4-year low, with the movement hitting its slowest pace since Q3 2022. This indicates long-term holders are reducing distribution after significant profit-taking. The decrease in dormant activity could be a sign that Bitcoin OGs are holding onto their assets, potentially stabilizing the market and supporting the price, which has been impacted by recent volatility.