The great redistribution of old Bitcoin is nearly over🔎 According to Galaxy Digital, 2024–2025 saw the largest movement of long-dormant BTC since 2017, as long-term holders redistributed a significant portion of their coins.
In 2026, however, activity from these older coins has dropped sharply, suggesting that most of the redistribution has already taken place.
With fewer legacy holders moving coins, one of the market's major sources of selling pressure may be fading. If demand continues to strengthen, the reduced supply from long-term wallets could provide a more supportive backdrop for Bitcoin in the months ahead.
