Long-Dormant Bitcoin Whales Resuming Activity Might Rock Cost Action, Analysts Say

Bloomberg bases its report on data and analysis from crypto analytics startup Flipside Crypto, which sealed the support of major crypto exchange Coinbase and veteran crypto equity capital firm Digital Currency Group ( DCG) back in November.

According to Flipside, since Oct. 2018, a high variety of long-inactive Bitcoin holders– defined as those that have not moved their Bitcoin for in between six and thirty months– have started to move their coins, leading to wallets active over the previous month now holding around 60 percent of the coin’s circulating supply.

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