Dormant Ethereum wallets stir on September 30 as exchange balances hold steady
- —Ethereum's age-consumed metric spiked on September 30 as long-dormant coins moved
- —Exchange netflow turned positive with a net inflow of about 33.9k ETH while balances held steady
- —On September 21, four wallets idle for over two years sent 48,047 ETH worth $130.7M to Bitfinex
- —Large transfers jumped nearly 500% week-over-week in September; ETH gained over 9% for the month
Why it matters: Old coins waking up often signals an impending sell-off, but steady exchange reserves so far keep that risk contained.
Source: Crypto Briefing