CryptoQuant CEO: 'Old BTC Are Moving to New Addresses'

IconCrypto News Terminal24 Apr, 2024

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CryptoQuant CEO: 'Old BTC Are Moving to New Addresses'

Ki Young Ju, the CEO of CryptoQuant, recently tweeted that "old" Bitcoins are moving to new addresses. This suggests that long-term holders are moving their coins, possibly to sell them or to store them in a more secure cold wallet. It is important to note that this does not necessarily mean that the price of Bitcoin is going to crash. In fact, it could be a sign that investors are confident in the long-term prospects of Bitcoin and are simply moving their coins to a safer place. Only time will tell what the future holds for Bitcoin, but it is certainly an interesting development to keep an eye on. Previously on 24 April 2024,

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