Old Coin Movement

Definition ∞ Old coin movement refers to the transfer of digital assets that have remained dormant in wallets for an extended period, often several months or years. This on-chain activity is closely observed by analysts as it can signal a change in sentiment among long-term holders. Such movements frequently precede market volatility, either as profit-taking or repositioning.
Context ∞ Significant old coin movement can influence market dynamics, particularly if large quantities are sent to exchanges, suggesting an intent to sell. News often reports on these events, especially when they involve addresses associated with early adopters or whale entities. Tracking these movements helps assess the conviction of long-term investors and potential shifts in market supply.