In Q1 2025, Bitcoin transactions from long-dormant wallets surged by 121% compared to the previous year. This growth reflects changing sentiments among long-term investors as they reactivate previously inactive wallets.
A significant uptick in dormant wallet activations was observed from November 2024 to January 2025, aligning with Bitcoin’s price rise past $100,000. The cryptocurrency priced at an intraday high of $94,320 indicates a possible market recovery.
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