Bitcoin Bearish Signal: Large Dormant Supply On The Move

On-chain data shows a large amount of old Bitcoin supply has moved in the last few days, something that could be bearish for the crypto’s price.
Bitcoin Supply Older Than 2 Years Showed Movement In The Past Week
As pointed out by an analyst in a CryptoQuant post, a total of four large transfers with old supply have taken place in the last week. The relevant indicator here is the “Spent Output Age Bands” (SOAB), which tells us the total number of coins that each age band is movi