Dormant Bitcoin Activity Slows as October Transfers Fall
Dormant Bitcoin wallets transferred 2,159.15 BTC in October through 35 transactions, worth about $167.56 million at a reference price of $77,606 per BTC. Activity fell 81% from August, marking a second consecutive monthly decline. Wallets dating to 2013 accounted for the largest share of transfers, while wallets from Bitcoin’s earliest years remained inactive. Dormant Bitcoin movements can attract traders’ attention because older holders may sell, potentially increasing market supply. However, the transfers do not show whether coins went to exchanges or were sold, so they do not confirm immediate selling pressure.
Neutral
The October transfers are a potential supply signal, but they do not establish that dormant Bitcoin was sent to exchanges or sold. In the short term, traders may monitor these wallet movements for evidence of exchange inflows or additional selling; without that confirmation, the data alone is unlikely to show a clear directional price catalyst. The 81% decline from August and the second consecutive monthly slowdown also suggest reduced dormant-wallet activity, limiting the immediate signal of new supply. Over the longer term, older holders’ decisions can affect available BTC supply and market sentiment, but these figures alone do not establish a lasting change in demand, liquidity or price trend.