Ah, the ever-astute analysts at Glassnode have graced us with their latest revelation: the ancient wallets, those relics of the Bitcoin past, have decided to awaken from their slumber and spend their precious coins. A staggering $4 billion has been unleashed upon the world, the highest since the frosty days of February!
Old wallets move billions of USD in Bitcoin
Indeed, it appears that the cohort of wallets aged 3 to 5 years is experiencing a bout of nostalgia, making their second-largest outflow since that fateful March of last year when they splurged approximately $6 billion worth of Bitcoin. So far, they have graciously parted with about $2.16 billion. How generous! 💸
Spending by older $BTC holders is heating up again. Aggregate volume from the 1y–5y cohorts just hit $4.02B – the highest since February.
Older coins are on the move 🧵👇— glassnode (@glassnode) May 28, 2025
As for the 2-3-year cohort, their spending spree has reached a modest $1.41 billion in Bitcoin. Meanwhile, the wallets that have held their coins for a mere 1-2 years have managed to part with $450 million worth of BTC. Overall, the tweet informs us that for the 1-5-year cohort, this marks the fifth largest spending spike in this Bitcoin cycle, primarily driven by our wise, older Bitcoin wallets. Who knew they had it in them?
Bitcoin cannot reach $10 million for now, Samson Mow says
In a twist of fate, the ever-enthusiastic Bitcoin advocate and JAN3 CEO, Samson Mow, took to Twitter this week to declare that the only thing standing between Bitcoin and its glorious ascent to $10 million per coin is, well, the general populace’s lack of understanding of Bitcoin and its potential to revolutionize the global financial system. Quite the conundrum, isn’t it?
Yet, he remains optimistic, predicting that Bitcoin will soon reach the illustrious $1 million mark. He believes that last year’s catalysts—namely, the launch of spot Bitcoin ETFs and the fourth Bitcoin halving on April 20—were pivotal. The former would create a demand shock, while the latter would induce a supply shock. When these two forces collide, we might just witness an Omega candle illuminating the path to $1 million. But alas, that moment remains elusive.
Instead, the true catalyst for last year’s Bitcoin price surge was none other than the election of Donald Trump as a pro-crypto president. Upon taking office, he signed an executive order to establish a Strategic Bitcoin Reserve and a Crypto Stockpile. Additionally, he appointed a crypto-friendly head of the SEC, who promptly began dropping lawsuits against crypto companies like confetti at a parade.
This year, on January 20, Bitcoin reached an all-time high above $109,000. Then, on May 23, it soared past $111,000, marking yet another historic price peak. This surge was fueled by the U.S. and China agreeing to a 30-day pause in their titanic trade tariff battle. Who knew diplomacy could be so profitable? 😂
Read More
- WCT PREDICTION. WCT cryptocurrency
- LPT PREDICTION. LPT cryptocurrency
- Chrishell Stause’s Dig at Ex-Husband Justin Hartley Sparks Backlash
- Guide: 18 PS5, PS4 Games You Should Buy in PS Store’s Extended Play Sale
- The Bachelor’s Ben Higgins and Jessica Clarke Welcome Baby Girl with Heartfelt Instagram Post
- SOL PREDICTION. SOL cryptocurrency
- Gold Rate Forecast
- PI PREDICTION. PI cryptocurrency
- Shrek Fans Have Mixed Feelings About New Shrek 5 Character Designs (And There’s A Good Reason)
- AMD’s RDNA 4 GPUs Reinvigorate the Mid-Range Market
2025-05-28 15:56