Question 1

Who reported the four-year low in dormant Bitcoin activity?

Accepted Answer

Alex Thorn, Galaxy Digital's head of firmwide research, shared the data in a post on X.

Question 2

How low did dormant Bitcoin movement fall?

Accepted Answer

Second-quarter dormant coin awakening volume dropped to its lowest level since the third quarter of 2022. Thorn said that 2026 is on pace to reactivate fewer than half the dormant coins seen in 2025.

Question 3

Did whales sell their Bitcoin because of quantum-computing risk?

Accepted Answer

No. Thorn said that Galaxy works with many institutional investors and none of the selling whales cited quantum threats as a reason. He noted that such fears keep some outside buyers from entering the market more often than they push current holders to sell.

Draper

Galaxy’s Thorn says dormant Bitcoin movement hit a four-year low

One sharp brief.
Every day.

Draper

Galaxy’s Thorn says dormant Bitcoin movement hit a four-year low

One sharp brief.Every day.

One sharp brief.
Every day.