Record Inactive Bitcoin Supply Flows into the Market — What Will Happen Next?

According to blockchain tracking tools, a wave of old Bitcoin is beginning to move after a long period of silence. The amount of coins that have been dormant for over two years and are now being transferred has surpassed previous peaks in 2017 and 2021. CryptoQuant’s Kripto Mevsimi analyst states that on-chain data indicates that 2024 and 2025 will mark the largest release of accumulated Bitcoin ever recorded. He tracks the “revived supply,” meaning coins that have not been used for more than two years before being transferred. Such volatility often signifies that large investors are changing their plans, rather than small traders chasing quick profits.

A work without celebration
Reports indicate that the release of this long-held supply has been quite discreet. There has been no rush of frantic buying. Prices have not skyrocketed wildly. Instead, the transfer of supply occurs amid ongoing market pressure from broader financial tensions. Some of these old coins may have been sold for profit. Others could have been transferred for different reasons—upgrading custody services, private transactions, or supporting financial products. On-chain signals show that coins have been moved, but the reasons are not recorded on the blockchain.

Long-term investors are changing course.
Based on reports from fund flow analysts, the pattern shows a personnel shift. Pioneers who held stakes through multiple cycles and emphasized scarcity and self-control are gradually reducing their holdings. New buyers are emerging, monitoring price fluctuations and macroeconomic news. Institutions, new large accounts, and price-based traders are currently shaping most of the short-term market activity.

Global risk pressure on risk assets
Recent Bitcoin weakness has been linked to increasing global risks. Research suggests that part of this decline is due to the US President Donald Trump’s tariff moves, causing investors to steer clear of risky assets. Tariffs can reduce corporate profits, cause inflation instability, and alter market perceptions of future interest rates—all affecting market psychology. When major markets fluctuate, the cryptocurrency market often follows suit. This pressure helps explain why long-held coins are experiencing volatility without the usual hype.

New customers are stepping in
Based on on-chain data and prices, organizations and new “whales” are filling the gaps left by sellers. Bitcoin has traded around the high $80,000 range, with recent figures near $89,140 as the market explores demand. Long-term holders may have taken profits, but the market has not collapsed. This indicates there is still demand, even if it differs from before.

This cycle seems different because selling occurs without excitement, and buying appears more strategic. That doesn’t mean the story is over. The market may be shifting toward price-sensitive participants and external financial forces. Or, the recent calm could just be a pause before new buying activity. Either way, these on-chain movements are very important. They change the positioning of cryptocurrencies and influence how future price volatility unfolds.