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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Janis's avatar
Janis 1 month ago
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.