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$BTC Bitcoin’s 30-day Average Coin Dormancy has climbed to around 19 days, moving above its 365-day moving average for the first time since the beginning of the year. This suggests that older $BTC is becoming active again. However, the data shouldn’t immediately be interpreted as long-term holders distributing their coins. Following the Coldcard hack, some of the increased dormancy could be explained by large $BTC transfers into newly created or fresh wallets rather than actual selling. So for now, the rise in Dormancy is a signal to watch—not definitive proof of LTH distribution. On-chain movement doesn’t always mean coins are heading to exchanges or being sold. #CPIPPIEaseFedSplit #SP500Nears8000