Dormant Bitcoin activity, meaning movement of coins held for long periods, has fallen to its lowest level since the third quarter of 2022, Galaxy Research said. The analytics arm of Galaxy Digital recorded only 553 BTC moving from six old wallets between August 16 and 26, describing the event as exceptional rather than typical. Older coins that remain inactive do not flow to exchanges, add immediate selling pressure or test market liquidity, suggesting that long-term holders are overwhelmingly retaining their positions. Bitcoin is testing $81,000 as momentum from U.S. government Treasury purchases supports the market. Galaxy Research says the reduced amount of Bitcoin available for trading creates a positive structural outlook and lowers resistance to further gains. Tighter exchange supply could increase volatility if demand remains steady or grows, while institutional interest and government fiscal policies continue to influence cryptocurrency markets. Analysts at Galaxy Research have historically associated this holder behavior with bullish conditions, although market conditions can change rapidly.