Bitcoin's latest cycle has witnessed an unparalleled resurgence of veteran investors, with a record-breaking surge in the movement of 10-year-old coins. This phenomenon is tracked by the "10+ Year-old Coins Expending Ratio," an on-chain indicator that measures the percentage of dormant coins that have seen movement within the past 30 days. When this metric reaches a high value, it signals that long-dormant investors have finally broken their silence, sparking a noteworthy trend.

In March, this indicator experienced a significant spike, peaking at an unprecedented 3.7%. This sudden movement of dormant coins coincided with Bitcoin's price reaching a new all-time high. Typically, such old coins are moved for selling purposes, and the spike was likely driven by profit-taking. Following this peak, the ratio declined as Bitcoin's price struggled, but it has since bounced back with the cryptocurrency's latest recovery. Currently, the metric stands at 2.5%, still a high level compared to past trends, indicating that veteran investors continue to re-emerge at a significant rate.

The movement of these 10+ year-old coins is often associated with long-term HODLers. However, it's possible that many of these coins have been "lost" due to misplaced wallet keys or forgotten existence. Some recent sellers might be veteran investors who have been holding onto their coins for years, but it's also likely that many are new investors who have recently gained access to these dormant coins.

Bitcoin's price has been steadily increasing, currently trading at around $68,500, up over 2% in the last seven days. This resurgence of veteran investors and the movement of long-dormant coins contribute to the dynamic and evolving landscape of the cryptocurrency market. As the market continues to fluctuate, it's essential to monitor trends and indicators like the "10+ Year-old Coins Expending Ratio" to understand the underlying forces driving the market.