Recent trends show that more of the older wallets that held bitcoin from its early days are resurfacing. This phenomenon could continue as holders see the opportunity to secure significant profits at current price levels.
While some traders remain optimistic about the potential for bitcoin to reach $100,000 by the end of the year, the influx of older wallets selling off could potentially limit any additional price upside in the market.
It will be interesting to see how these older wallets impact the overall trajectory of bitcoin and whether their movements will continue to influence the market in the coming months.
