Alex Thorne, head of Galaxy Digital research, made a very important statement. The massive wave of moving old Bitcoins in the network has almost ended. This active process was clearly observed throughout the entire 2024 and 2025 years. In terms of total activated coins, this period is second only to 2017. Thorne published a special chart tracking old Bitcoin activity since the year 2016. He noted a very interesting pattern within the digital asset market. The largest waves of old coin awakenings always coincided with strong price growth. Similar historical peaks were recorded in 2017, 2021, 2024, and 2025. However, the expert is sure the massive redistribution process is nearing its end. He believes the current year 2026 will show a significant drop in activity. The volume of activated old Bitcoins will be less than half of 2025 levels. This clearly indicates the stabilization of long-term cryptocurrency holders behavior.

During the discussion, the expert was asked a direct question about quantum computers. Could fears about their rapid development be the real reason for mass sales? Thorne gave a clear and well-reasoned answer to this specific question. Galaxy Digital actively works with many large owners of the first cryptocurrency. None of them named quantum technologies as a primary motive for selling. However, the expert heard a completely different opinion from some institutional investors. Potential quantum threats are currently holding them back from buying this specific asset. Thorne added an important nuance regarding the future development of modern technologies. The development of reliable quantum protection mechanisms is actively and successfully continuing. Therefore, over time, such reasonable fears will likely weaken significantly. The market is gradually adapting to new technological realities and global challenges.

Earlier, analysts from the well-known CryptoQuant platform made a similar important statement. They noted that long-term investors continue to confidently accumulate Bitcoin right now. This happens while the market goes through a complex phase of forming a price bottom. The decrease in old coin activity fully confirms this optimistic market trend. Large players are stopping the sale of their reserves at current market prices. This creates more favorable conditions for future stable price growth. Investors are waiting for new macroeconomic catalysts to start a massive upward movement. The end of the old coin selling wave is a very positive signal. It indicates the strengthening of the fundamental value of the first cryptocurrency. The market is moving into a new phase of maturity and long-term asset holding.

***

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