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Galaxy Digital research director: The amount of old BTC being reactivated in 2026 is expected to be less than half of last year; the “big distribution” phase is basically over
BlockBeats, July 15: Alex Thorn, Head of Research at Galaxy Digital, said that between 2024 and 2025, a large amount of long-dormant BTC was reactivated and moved on-chain, with its scale only second to 2017.
He noted that the current “Great Distribution” phase brought about by the awakening of old BTC is basically over, and the number of BTC expected to be awakened in 2026 will be less than half of that in 2025.