Matthew Sigel highlighted that wallets holding Bitcoin for more than a decade reached the 97th percentile of spending activity over the past 10 years while overall balances stayed near record highs.
Bitcoin held for more than 10 years is now moving at an unusually elevated pace, according to the figures highlighted by Matthew Sigel. The data shows that this cohort of long-term holders reached the 97th percentile of spending activity compared with the past decade, indicating that coin movement from some of the oldest wallets is near historical extremes. Over a 30-day period, the group moved 51,350 BTC. At the same time, their aggregate balances remained near record levels, suggesting that despite the pickup in spending, the oldest Bitcoin supply is still largely being retained rather than fully distributed. In Bitcoin market analysis, activity from long-dormant wallets is closely watched because it can signal profit-taking, portfolio restructuring, or internal transfers, though coin movement alone does not prove coins were sold on the open market.