Over $1 billion in Bitcoin, totaling 12,849 BTC, was transferred after being dormant for nearly three years, as Bitcoin's price surged past $80,000. This significant movement, reported by Cryptoquant, marks the first major activity from long-term holders since the start of the current rally. The resurgence in trading activity among these holders coincides with a broader market recovery and growing bullish sentiment. Bitcoin's recent price increase, driven by heightened demand from both retail and institutional investors, has seen it break through key resistance levels, currently trading at approximately $80,550. The reactivation of long-dormant Bitcoin is viewed as a bullish indicator, suggesting market maturity and strength as these movements typically align with bull market cycles.
Dormant Bitcoin Worth $1 Billion Moves as Price Hits $80,000
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