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TechFlow News, July 15, Galaxy Digital Head of Research Alex Thorn stated that in 2024 and 2025, a large volume of long-dormant Bitcoin came online and underwent on-chain transfers, second only to 2017 in scale. He believes this "major distribution" is mostly over, and the number of awakened coins in 2026 is expected to be less than half of last year's.
Galaxy Digital Head of Research Alex Thorn stated that in 2024 and 2025, a large amount of long-dormant Bitcoin came back online and underwent on-chain transfers, on a scale second only to 2017. He believes this "major distribution" is mostly over, and the number of awoken coins in 2026 is expected to be less than half of last year's.
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