Why is so much old and hodled Bitcoin on the move but UTXOs and exchanges remain unaffected?

CryptoSlate analysis found large Bitcoin transactions linked to ETF activity driving up CDD and A2VR.

Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.

On-chain data lets us see the extent and scope of the activity surrounding spot Bitcoin ETFs beyond its impact on BTC price. CryptoSlate’s analysis of on-chain metrics first brought on in Glassnode’s Cointime Economics research paper shows how this affected the activity-to-vaulting ratio (A2VR). The A2VR metric assesses the balance between Bitcoin’s active and inactive […]