[Analysis: Long-term Bitcoin holders have not conducted large-scale distribution, early tokens become active again due to the Coldcard hacking incident] BlockBeats news, on August 14, CryptoQuant analyst Axel Adler Jr. published an article stating that the 30-day moving average of Bitcoin's average coin dormancy period has risen to 19 days and, for the first time since the beginning of the year, surpassed the 365-day moving average. Earlier accumulated BTC is becoming active again. However, following the Coldcard hacking incident, this increase may not be attributed to selling but rather to a large amount of BTC being transferred to new wallets. Therefore, the current rise in dormancy should not be automatically interpreted as long-term holders engaging in distribution. [Original link]