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Up or Down? Put Your Market Intuition to the Test!Dormant Bitcoin awakenings sink to lowest level since 2022, Galaxy says Dormant Bitcoin activity dropped in the second quarter. It fell to its lowest 

Up or Down? Put Your Market Intuition to the Test!

Dormant Bitcoin awakenings sink to lowest level since 2022, Galaxy says
Dormant Bitcoin activity dropped in the second quarter. It fell to its lowest level since the third quarter of 2022. The figures were shared by Alex Thorn, head of firmwide research at Galaxy Digital, in a post on X.

The reawakening of old coins has historically coincided with profit-taking by Bitcoin’s longest-term holders.

Dormant Bitcoin awakenings slow after two-year sell-off

Dormant coin movement is when Bitcoin sits still for years, then moves again. It’s closely watched by analysts, and activity from long-held wallets has often coincided with selling. Quiet wallets indicate holders are holding tight.

“OGs taking profit,” Thorn said, comparing the pattern to Bitcoin’s 2017 bull run. Most of the Bitcoin veterans who wanted to sell into 2024 and 2025 strength, in his reading, are done. That’s one less local selling pressure on the market. Coin days destroyed tells a similar tale. That metric, which measures spending weighted by how long coins were sitting idle, also fell in Q2.

Thorn called the two-year period “a great distribution” in mid-July. He wrote that 2024 and 2025 moved as much long-dormant Bitcoin onchain as the entire 2017 rally, and nothing in between came close. And he pegged the pace for 2026 to be less than half of last year’s dormant coin reactivations.

Galaxy’s charts go back to 2016. They show a repeating cycle, with old coins waking up during the rallies of 2017, 2021, and again across 2024 and 2025. Holders of coins aged 1 to 10 years moved large amounts, mostly to sell. The distribution peaked at the end of 2025, with coins aged between one and two years representing about 900,000 BTC moved in one month. This year, that flow dried up.

Q2 dormant coin awakening volume was the lowest since Q3 2022 and down substantially from the elevated levels of 2024 and 2025 pic.twitter.com/thrC9K6Gdx

— Alex Thorn (@intangiblec

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Dormant Bitcoin awakenings sink to lowest level si

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$ZKC pullback depth was minimal — shows how strong underlying demand is $ZKC CONTINUATION — 📈 LONG Here's what the data shows: • Price: 0.04178 (24H Range: 0.04088–0.04307) • RSI(14): 44.2 — Near Over

Up or Down? Put Your Market Intuition to the Test!HTX Refer And Earn HTX Creation Challenge — Post and Win 1,500U 💥 Dormant Bitcoin activity dropped in the second quarter. It fell to its lowest level 

HTX  Creation Challenge — Post and Win 1,500U 💥

Dormant Bitcoin activity dropped in the second quarter. It fell to its lowest level since the third quarter of 2022. The figures were shared by Alex Thorn, head of firmwide research at Galaxy Digital, in a post on X.

The reawakening of old coins has historically coincided with profit-taking by Bitcoin’s longest-term holders.

Dormant coin movement is when Bitcoin sits still for years, then moves again. It’s closely watched by analysts, and activity from long-held wallets has often coincided with selling. Quiet wallets indicate holders are holding tight.

“OGs taking profit,” Thorn said, comparing the pattern to Bitcoin’s 2017 bull run. Most of the Bitcoin veterans who wanted to sell into 2024 and 2025 strength, in his reading, are done. That’s one less local selling pressure on the market. Coin days destroyed tells a similar tale. That metric, which measures spending weighted by how long coins were sitting idle, also fell in Q2.

Thorn called the two-year period “a great distribution” in mid-July. He wrote that 2024 and 2025 moved as much long-dormant Bitcoin onchain as the entire 2017 rally, and nothing in between came close. And he pegged the pace for 2026 to be less than half of last year’s dormant coin reactivations.

Galaxy’s charts go back to 2016. They show a repeating cycle, with old coins waking up during the rallies of 2017, 2021, and again across 2024 and 2025. Holders of coins aged 1 to 10 years moved large amounts, mostly to sell. The distribution peaked at the end of 2025, with coins aged between one and two years representing about 900,000 BTC moved in one month. This year, that flow dried up.

Q2 dormant coin awakening volume was the lowest since Q3 2022 and down substantially from the elevated levels of 2024 and 2025

Bitcoin’s cooling comes after a steep drop. The token reached an all-time high of over $126,000 in October 2025

Only a Few Days Left: Get in NowHTX Refer And Earn HTX Creation Challenge — Post and Win 1,500U 💥Peter Schiff Says Japan Could Be the Pin That Pricks the Bigger US BubbleSpeaking on The Peter Schiff S

Peter Schiff Says Japan Could Be the Pin That Pricks the Bigger US BubbleSpeaking on The Peter Schiff Show Podcast, the economist and longtime Bitcoin critic said the AI trade cracked open this week even as broader indexes held up. Alphabet fell 10% after the company announced higher capital spending than investors expected. Oracle dropped nearly 8% on the week and is now down 41% for the year. Meta fell 7.3%, Amazon lost 6.8%, and Microsoft slipped 2.7%, pushing its year to date decline to 19.3%, close to bear market territory.

Schiff said the market’s reaction marks a shift from prior quarters, when hyperscalers announcing bigger artificial intelligence (AI) budgets typically saw their share prices climb. “Investors are now finally starting to question whether or not these investments are in fact going to pay off,” he said.SpaceX shares dropped another 7.7% during the week and now trade 49% below the stock’s post IPO high. The company’s public float is set to expand from 5% to 40% of shares by the end of the year, a change Schiff explained could add further pressure on the stock.

Tesla fell 18% over the same stretch and sits 35% below its 52 week high. Together, the declines in Tesla and SpaceX cost Elon Musk close to $100 billion in a single week, according to Schiff’s estimates.The gold proponent and economist compared the roughly three-quarters of a trillion dollars in annual AI capital spending to the buildout that preceded the dot-com crash. He said many of the early internet favorites that investors poured money into eventually went bankrupt without ever recovering their spending. He does not doubt the long term potential of AI, but argued markets are overestimating near term returns on hyperscaler investment.Schiff pointed to Japan as a bigger and more immediate risk than the AI selloff. The yen fell to its lowest level against the dollar in 40 years. 

Peter Schiff Says Japan Could Be the Pin That Pric

Breaking out from a consolidation zone with rising volume and strong momentum. Upside continuation towards 0.1065. 💐 LONG $JST Entry: 0.10538 – 0.10540 🛑 SL: 0.10450 🚀 TP1: 0.10580 🚀 TP2: 0.10620 🚀 TP

Hanging around support at 0.585 with sellers losing steam. A bounce towards 0.595 is likely. ✨ LONG $VIRTUAL Entry: 0.5886 – 0.5887 🟢 SL: 0.5820 🔴 TP1: 0.5920 🟢 TP2: 0.5950 🟡 TP3: 0.5980 #BitMartToWin

HTX Creation Challenge — Post and Win 1,500U 💥 Ethereum (ETH) Price Analysis Ethereum remains one of the strongest blockchain networks available today. Since launching in 2015, the project has transfo

Ethereum (ETH) Price Analysis 

Ethereum remains one of the strongest blockchain networks available today. Since launching in 2015, the project has transformed digital finance by introducing smart contracts. Canadian developer Vitalik Buterin and fellow founders designed Ethereum to support applications beyond simple payments. That vision helped create an ecosystem supporting decentralized finance, gaming, digital collectibles, and many other blockchain services. More than 500,000 daily active addresses used the network during August 2025. Strong activity highlights continued demand from developers and users. Thousands of decentralized applications now rely on Ethereum for security and flexibility. Many investors view ETH as more than a cryptocurrency. Many also see a key asset supporting a large portion of the blockchain economy.

Ethereum (ETH) Price Analysis

🚨 $BANANA RECOVERY IN PLAY AFTER KEY SUPPORT HOLDS! 🟢⚡ Entry: $3.66 - $3.70 ⚡ Target: $4.00 🚀 Stop Loss: $3.56 ⚠️ 🦈 The order block at $3.66 has been defended twice in the past 48 hours, with aggressi

RAY releases new protocol upgrade. Price action shows bearish momentum near resistance. Traders should monitor these support levels to manage risk. Technical indicators suggest high volatility in the 

According to HTX market data, AAVE has dipped below the 100 USDT level, trading at approximately 99.98 USDT. Despite the pullback, the token is still up 8.30% over the past 24 hours, suggesting buyers

According to HTX market data, AAVE has dipped below the 100 USDT level, trading at approximately 99.98 USDT.
Despite the pullback, the token is still up 8.30% over the past 24 hours, suggesting buyers remain active after a strong rally.
Key levels to watch:
100 USDT – A key psychological level that could now act as resistance if price stays below it.
Trading volume – Strong volume may signal renewed buying interest.
Overall DeFi sentiment and Bitcoin's direction, which could influence AAVE's next move.
A brief move below a major price level doesn't necessarily change the broader trend, but it does highlight the importance of watching whether support quickly returns or selling pressure increases.



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