Cite asCryptoQuant has tracked 15 directional calls by @onchainschool on CryptoQuant since Jun 2022: tracked, not yet ranked (below the accuracy-scoring baseline) (as of Nov 11, 2026).
🕰️ 2025 Breaks the Record for Old BTC Movement
In 2025, Bitcoin movements of coins dormant for 7+ years have already exceeded 2024 levels and there are still two months left. • 2023: 59 K BTC • 2024: 255 K BTC • 2025: 270 K BTC (ATH) More and more early era coins are waking up. Possible reasons include: • Old miners moving long held reserves. • Security migrations to fresh cold wallets. • Partial liquidations as prices stay high. Given the current pace, we could reach over 300 K BTC (+7y) moved in 2025.  
View original →Bitcoin Exchange Netflows Reach 3-Year Low
The 14 day SMA of Exchange Netflow reveals an average outflow of –7,500 BTC, the largest since 2022–2023 the only period surpassing the current magnitude. Remarkably, this trend unfolds despite Bitcoin recently hitting a new all time high, indicating that investors are withdrawing coins from exchanges even as prices remain elevated. Such behavior typically reflects confidence in long term value and a decline in short term selling pressure, reinforcing the view that large holders continue to accumulate rather than distribute.  
View original →This isn’t just another bull market. It’s structural replacement.
In the last two years, we’ve seen a significant increase in the movement of Bitcoin that had been dormant for over 7 years, coins often considered lost or untouchable. In 2024, over 255,000 BTC were reactivated. And in 2025, with several months still ahead, we’re already past 215,000 BTC. But the trend goes deeper than total volume. 📊 Average monthly volume has surged from 4.9K BTC in 2023 to 30.7K BTC in 2025. 📈 Average size per transaction has risen from 162 BTC to over 1,000 BTC. These are no longer scattered retail moves, they’re coordinated reallocations of high volume capital. In this cycle, the price is just the surface. What’s really changing is who holds the future.  
View original →Another Attempt to Slow the Market at the Top?
A wallet holding over 80,000 BTC, dormant for more than 14 years, has now sold approximately 20,000 BTC. The sales began through OTC and continued with transfers to CEX. While some initially interpreted the movements as security related or part of a restructuring process, the timing close to ATH and the structured nature of the transactions suggest a more strategic liquidation. A comparable case occurred in 2024 with the reactivation of the Mt. Gox wallets. That event was followed by a 31% market correction, and it took over six months for Bitcoin to recover to its previous price level. So far, only a portion of the holdings has been sold. Whether the outcome will be similar this time remains uncertain, but the parallels are worth noting.  
View original →The New Bitcoin: Institutional, Quiet, Powerful
Bitcoin is now above $109,000. But the number of active addresses is still around 850,000 , the same level seen back in 2022, when the price was near $16,000. What has changed? Most of the demand now comes through ETFs. These allow thousands of people to invest without creating many on chain transactions. The users are real, but their activity doesn’t show up directly on the blockchain. On average, BlackRock’s spot ETF makes only 24 transactions per week, but it moves more than 6,400 BTC during that time. This is the new face of Bitcoin: strong demand from institutions, but much less activity on-chain.  
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