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Old and HODLed Bitcoin is on the move with whales active Old and HODLed Bitcoin is on the move with whales active

Old and HODLed Bitcoin is on the move with whales active

with insights from Glassnode

Whale and long-term holder activity surges as spot Bitcoin ETFs gain traction.

Old and HODLed Bitcoin is on the move with whales active

Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.

As the crypto community buzzes about the U.S. launch of the spot Bitcoin ETF, a groundswell of movement from the market's usual stalwartsโ€”the long-term holders and whalesโ€”has been detected. These groups, known for their stoic investment strategies and vast holdings, are making waves with their latest maneuvers. With Bitcoin's price waning in the wake of the ETF's debut, the detected whale activity and long-term holder behavior paint a revealing picture. Just as the market glimpses a drop from $46,608 to $41,769, an unprecedented transfer volume from dormant Bitcoin strikes, signaling... What does this sudden shift from the most steadfast of Bitcoin backers mean for the marketโ€™s future? Discover the complete analysis and implications behind these strategic moves, exclusively with CryptoSlate Alpha.