- Older Bitcoin wallets spent $4.02B, the highest since February activity.
- Metaplanet raises $100M total for Bitcoin through zero-interest bonds.
Bitcoin activity is rising among long-term holders, reflecting possible shifts in market sentiment. Data from Glassnode shows that Bitcoin holders with coins aged one to five years recently spent $4.02 billion.
This is the highest aggregate spent volume from this group since February. Analysts often view this activity as either profit-taking or a shift in conviction during bullish trends. Data reveals that the volume spent on older coins tends to rise alongside price increases.
At the time of reporting, Bitcoin’s price is near $108,841, with a 24-hour decline of 0.57% and a weekly gain of 2.54%. Despite minor fluctuations, on-chain behavior offers more profound insight into market strength.
CryptoQuant analysts emphasized that price changes are surface-level signals. They argue that real market health is visible in metrics like spent volume and coin age. Increased movement from older wallets could indicate either a bullish continuation or a local market top forming.
Bitcoin Holds Support Amid Signs of Market Consolidation
Bitcoin is entering a consolidation phase after reaching a local high of $111,963. The price has since pulled back slightly, now holding above key support at around $106,000. Technical indicators reflect slowing momentum.
The Relative Strength Index (RSI) stands at 64.88, showing moderate bullishness but nearing overbought territory. The Moving Average Convergence Divergence (MACD) is flattening, hinting at reduced buying pressure. Bollinger Bands are tightening, reinforcing the idea of consolidation.
Traders are watching for a clear breakout above $112,000 to confirm renewed upside. A drop toward $106,000 would test critical support and could lead to a short-term correction before any upward continuation.
Metaplanet Issues Zero-Interest Bonds to Fund Bitcoin Purchases
Tokyo-listed investment firm Metaplanet has issued $50 million in zero-interest bonds to buy more Bitcoin. The bond series was fully subscribed by EVO FUND, based in the Cayman Islands. With this latest tranche, Metaplanet has raised nearly $100 million in total for Bitcoin acquisitions.
Each bond has a face value of $1.25 million and will be redeemed at par. The company stated that the funds from this issuance will be used exclusively to purchase Bitcoin. Management added that the issuance is expected to have minimal impact on its financial results for FY2025.
By using zero-coupon debt, Metaplanet avoids incurring interest while increasing its Bitcoin exposure. This move underscores growing institutional confidence in Bitcoin as a treasury asset. Analysts see this as another signal of traditional finance warming to digital currencies, especially amid ongoing macroeconomic uncertainty.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. CoinCryptoNewz is not responsible for any losses incurred. Readers should do their own research before making financial decisions.
