Bitcoin Bearish Signal: Dormant 1,433 BTC Moves After 10+ Years

On-chain data shows a large amount of Bitcoin older than 10 years has suddenly moved today, a sign that could be bearish for the price.
Bitcoin Dormant From More Than 10 Years Ago Has Abruptly Moved
As pointed out by an analyst in a CryptoQuant post, this movement of dormant coins may be a sign of selling. The relevant indicator here is the “Spent Output Age Bands” (SOAB), which tracks the movements that the different age bands are making on the blockchain right now.
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