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$BTC Bitcoin Average Coin Dormancy 30D MA rose to 19 days and moved above the 365D MA for the first time since the start of the year. Older coins are becoming active again. But after the Coldcard hack, part of this increase may be linked not to selling, but to large-scale BTC transfers to new wallets. So the current rise in Dormancy should not automatically be interpreted as distribution by LTHs.