| Cryptocurrency | Price (USDT) |
|---|---|
| BTC | $107238.0500000000 |
| ETH | $2427.4820000000 |
| BNB | $647.3894600000 |
| XRP | $2.1786790000 |
| ADA | $0.5636127000 |
| SOL | $149.7798000000 |
| DOGE | $N/A |
| DOT | $3.3916900000 |
| LTC | $85.9575000000 |
| LINK | $13.3417100000 |
Category: CRYPTO NEWS
The post Older Bitcoiners’ Spending Heats Up — $4.02 Billion BTC Since February appeared on BitcoinEthereumNews.com. Old wallets move billions of USD in Bitcoin Bitcoin cannot reach $10 million for now, Samson Mow says Popular on-chain data agency Glassnode has published a thread, informing the community about old wallets starting to spend the Bitcoins they hold. The aggregate volume of BTC spending has surpassed the $4 billion level, which is the highest mark since February of this year. You Might Also Like Old wallets move billions of USD in Bitcoin In particular, the thread states, the 3-5-year cohort of wallets is making its second-biggest outflow after March last year, when they spent roughly $6 billion worth of Bitcoin. So far, they have spent roughly $2.16 billion. Spending by older $BTC holders is heating up again. Aggregate volume from the 1y–5y cohorts just hit $4.02B – the highest since February.Older coins are on the move 🧵👇 pic.twitter.com/jhMETQFJdB — glassnode (@glassnode) May 28, 2025 As for the 2-3-year cohort, their spending has so far reached $1.41 billion in Bitcoin. Wallets holding for 1-2 years have by now spent $450 million worth of BTC. Overall, the tweet says, for the 1-5-year cohort, this is the fifth largest spending spike in this Bitcoin cycle, and it has mostly been driven by older Bitcoin wallets. You Might Also Like Bitcoin cannot reach $10 million for now, Samson Mow says Prominent Bitcoin supporter and JAN3 CEO Samson Mow tweeted this week that the only thing preventing BTC from trading at $10 million per coin is the fact that people do not understand BTC and how it can transform the global financial system. Still, he believes that Bitcoin will inevitably reach $1 million soon. He believed that two key catalysts for that last year were the launch of spot Bitcoin ETFs and the fourth Bitcoin halving, which took place on April 20. The…
2025-05-29T03:39:14+00:00