Dormant BTC Comes Back to Life as 4.65 Million BTC Reenters Circulation in 2025
In 2025, 4.655 million previously dormant Bitcoin, totaling $500 billion, reentered circulation, driven by long-term holders taking profits.Summary
In 2025, a significant amount of Bitcoin, specifically 4.655 million BTC, has returned to circulation after being dormant for over six months, according to analyst James Check (Checkmate). This revived supply, valued at approximately $500 billion, is less in BTC terms than the nearly 7 million BTC revived in 2024. The distribution includes 1.91 million BTC from holders dormant for two years or longer. This selling activity is attributed to several factors, including the $100,000 price milestone encouraging profit-taking, diversification into assets like Gold and AI equities, concerns over quantum computing threats, and the typical four-year cycle pattern occurring 18 months post-halving. Galaxy Research corroborates this trend, noting that over $50 billion worth of Bitcoin held for five years or more has changed hands in 2025, contributing to a massive redistribution of long-dormant coins over 2024 and 2025.
(Source：CoinDesk)