The chances these long dormant coins are being moved by a nefarious actor is very low
It’s just as likely that a nefarious actor is moving recently attained coins
@npub1qh5s...eh9r does some great on-chain anlaysis looking at long-term holder behaviour
And frankly it explains so well why we get sell-side pressure when the price runs
People have made a amazing returns, far better than any other asset class, and it makes sense to cash some in
I believe that’s what we’re seeing
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In general I agree. Except new coins are much less likely to be attacked, because people routinely use HD wallets these days, so long-range attacks wouldn’t work. There only the short-range attack targeting the funds while they’re in the mempool would be a concern.
It’s primarily old coins in wallets with long-exposed pubkeys that would be first attacked.
Sick pedophile. People will learn the truth about you eventually.

