Mass Resurgence of Dormant Bitcoins Happens in 2025
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Hinting at possible change in long-term holder sentiment, data from CryptoQuant reveals a substantial 121% year-on-year increase in Bitcoin transactions using long-dormant wallets during Q1 of 2025.
What's brewing among the OG HODLers? This sudden surge in activity could be a sign of renewed interest — perhaps due to the cryptocurrency's price finally breaching the six-figure mark ($100,000) for the first time. This monumental achievement could've rekindled long-term holders' confidence, pushing them to relaunch their wallets, either for profit-taking or portfolio tweaks.
In the past few months, the crypto world has been buzzing with numerous developments:
- XRP Taps Town: With a user-friendly interface, XRP is now a tap away for 20 million users in Japan.
- CME's XRP Futures Debut: Breaking news: CME Group, a major player in the futures market, is set to introduce XRP futures trading. Talk about steps forward!
- Strategy CEO's Three-Word Post: MicroStrategy's CEO, famous for his Bitcoin advocacy, recently posted a trending three-word phrase about Bitcoin on Twitter, raising curiosity and fueling more discussion on the digital asset.
- Binance's Next Billion: The CEO of Binance, the world's largest crypto exchange, aims to onboard at least a billion new users, speaking optimistically about the future of the crypto market.
Delving into the CryptoQuant chart, we spot a mammoth spike in dormant wallet activations from November 2024 to January, with the highest peak reached in January. This surge was likely the result of the substantial market rally.
Moving on to the present, the price of Bitcoin has bounced back, reaching an intraday high of $94,320, recuperating from the recent tariff-induced correction. Since the start of 2025, Bitcoin has seen a 0.56% rise.
So, is this trend of increased dormant wallet activity a temporary blip or a sign of things to come? Only time will tell!
🔵📰 BITCOIN NEWS 📰
- The surge in Bitcoin transactions using long-dormant wallets, increasing by 121% year-on-year during Q1 of 2025, could be a sign of renewed interest among long-term holders, as the cryptocurrency's price reached six figures for the first time.
- In the realm of cryptocurrency investing, MicroStrategy's CEO, known for his Bitcoin advocacy, recently posted a trending three-word phrase about Bitcoin on Twitter, sparking curiosity and further discussions.
- Binance's CEO, the head of the world's largest crypto exchange, has set a goal to onboard at least a billion new users, showing optimism about the future of the crypto market.
- In a significant move, CME Group, a major player in the futures market, is set to introduce XRP futures trading, indicating steps forward in the adoption of XRP in the finance sector.
- As for XRP, it's now more accessible than ever, as it is now a tap away for 20 million users in Japan, following the rollout of a user-friendly interface.
