Alex Thorne, head of Galaxy Digital's research division, made an important statement. The redistribution of long-stored bitcoins is almost complete. This process began back in 2024. The most notable periods of activity of the "old bitcoins" coincided with the strong growth of the market. Galaxy Digital has published a corresponding graph for clarity. Large waves of movement of such assets were observed in 2017, 2021, 2024 and 2025. The current cycle of activity looks like one of the largest in the history of bitcoin. It is second only to the record activity of 2017. In 2026, the number of "awakened old bitcoins" may decrease significantly. Thorne expects the volume to be less than half that of 2025. This will indicate the completion of the redistribution among long-term holders.

Some large investors view quantum computing as a deterrent. The threat of super-powerful quantum computers worries potential buyers. However, none of the sellers mentioned quantum technologies as the reason for the sale. Earlier, Arkham platform analysts recorded an important transfer of funds. 2,650 bitcoins were transferred from a wallet created in the first year of bitcoin's existence. Coins worth about $203 million were transferred to over-the-counter platforms. FalconX and Cumberland have accepted these large transactions. Such movements often indicate preparations for sales or portfolio restructuring.

The bitcoin market is showing signs of maturity after a period of high volatility. Long-term holders are taking profits against the background of historical highs. New investors take their places at lower prices. This natural renewal process strengthens the fundamental resilience of the network. Quantum technologies remain a theoretical threat on the horizon for several years. Bitcoin developers are already exploring post-quantum cryptography methods. The community prepares for future challenges in advance and responsibly. The decrease in the activity of old coins creates a more stable trading environment. Investors can count on less pressure from the "whales". The completion of the redistribution phase often precedes a new growth phase.

***

The material has been prepared solely for informational purposes and does not constitute financial advice or recommendation.