According to analysis by CryptoQuant analyst nocoffeenobrain, Bitcoin holdings aged 1–3 years and over 3 years showed signs of activity as early as late September, when BTC price rose from the mid-$70,000s to the mid-$80,000s. The recent Ledger hack has prompted many users to migrate their assets to new signers and replace their seed phrases, likely causing the 7-day moving average to rise further over the coming days. The analyst notes that a similar pattern occurred previously—during Bitcoin’s decline from $90,000 to the mid-$60,000s between January and February this year, and during its consolidation around the mid-$60,000s between July and August, both of these holding age brackets exhibited synchronized activity.
Older BTC Holdings React, Chain Migration May Lift Moving Averages
TechFlowShare
Summary
BTC price movements in late September spurred activity in holdings aged 1–3 years and over 3 years, according to CryptoQuant’s nocoffeenobrain. Ledger security breaches prompted chain migrations, likely pushing moving averages higher. Similar patterns occurred in early and mid-2026 during periods of BTC price declines and volatility.
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