8% of the circulating Bitcoin changed hands in the last week

Source: PortaldoBitcoin Original Title: 8% of Bitcoin in circulation changed hands in the last week, says analysis Original Link: At least 8% of all circulating Bitcoin changed hands in the last week, marking one of the most intense on-chain movements in recent years, according to data compiled by analysts. Events of this magnitude had only occurred twice in seven years: in March 2020, when BTC plummeted to $5,000, and in December 2018, when it was trading near $3,500.

The jump in the transferred volume coincides with the recent drop in price to the region of $80,000, making the episode one of the most relevant in the current cycle. Technical analyses show that the level of bitcoins moved is comparable to the major historical downturns, raising debates among analysts about the significance of the phenomenon.

A portion of this flow would be linked to the strong outflow of Bitcoin from a certain exchange platform. Blockchain analysis data reveals that the reserves experienced a sharp decline in November, suggesting that a significant slice of the supply was moved in the short term.

Withdrawals of this type usually indicate a long-term holding intention — a potentially positive sign for the price.

The behavior also coincides with another trend: the shift of coins from old addresses to new investors. Still, experts warn that these transactions do not necessarily mean selling; they may only represent internal reorganizations.

According to analyses by specialists, movements like this are often processes of “capital rotation”, where the ownership of assets is redistributed among different investor profiles. If this is the case, the current peak of activity may indicate a structural readjustment — and not a market capitulation.