Old BTC wallet sees new activity

04 July 2019, Thursday, 02:55 - Edward Xilay
Old BTC wallet sees new activity

Though analysts do not pay attention to the indicators inside the blockchain, one of indicators shows the activities of old and new wallets. Using this indicator is a convenient way to track Bitcoin activity.

Many analysts do not pay attention to the indicators inside the blockchain itself. One such indicator is UTXO Age Distribution, which shows the activity of old and new wallets within the network.

Warm colors (red, orange) show the activity of new wallets, on which Bitcoin recently appeared. Cold colors (blue, green) - the activity of old wallets where Bitcoin has been intact for a long time. The most convenient way to analyze it is to look at wallets with the age of 1-3 months, and 3-6 months (orange).

At the peak of 2011, 2013 and 2017 bubbles, these indicators showed a pronounced surge in indicators. Now there is no such activity, and it means that we will grow further.



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