Dormant Bitcoin movement slumped to its lowest level since the third quarter of 2022 during the second quarter of this year, according to data shared by Alex Thorn, Galaxy’s head of firmwide
Dormant Bitcoin movement slumped to its lowest level since the third quarter of 2022 during the second quarter of this year, according to data shared by Alex Thorn, Galaxy’s head of firmwide research.
Coin days destroyed, a metric that assigns greater weight to older, longer-held coins when they are spent, recorded a similar drop over the same period. The parallel decline across both measures reinforces the picture of sharply reduced activity from wallets that had been dormant for extended stretches.
