Satoshi Era Bitcoin Shows Significant Market Activity; 31% BTC Remains Dormant

By: Isha Das

Recent reports have detailed significant Cryptocurrency market activity involving early Bitcoin. Approximately 1,000 bitcoins, equivalent to an estimated initial spend of $100, mined during the initial stages of Bitcoin's network, popularly known as the 'Satoshi Era', were reportedly sent to trading desks this week.

Fascinating data trends among Bitcoin investors have also been observed, pointing towards a growing inclination for long-term holding. As per investigations on Bitcoin's last active supply, crucial insights indicate that 31.3% of Bitcoin's total supply has remained on-chain dormant for over five years. The conspicuous timing aligns perfectly with the cryptomarket's bearish phase of 2018 hinting towards the rise of 'diamond hands' investors holding their assets regardless of market volatility.

The current propensity of investors holding onto their Bitcoin despite notable profits signifies a solid trust in Bitcoin's ultimate value, spotlighted significantly by Bitcoin's impressive year-to-date return of 160%.