Mystery Surrounds Massive Movement of Dormant Bitcoin: Whales in Action?

The transaction, highlighted by the “Spent Output Age Bands” (SOAB) metric, which tracks the movement of Bitcoin based on holding time, has captured the attention of market observers. Specifically, the 5-year to 7-year age band has seen a notable spike in activity, indicating that a substantial portion of Bitcoin held

The transaction, highlighted by the “Spent Output Age Bands” (SOAB) metric, which tracks the movement of Bitcoin based on holding time, has captured the attention of market observers. Specifically, the 5-year to 7-year age band has seen a notable spike in activity, indicating that a substantial portion of Bitcoin held dormant for half a decade or more has suddenly sprung into action.