Bitcoin Dormant Coin Awakenings in 2026 Expected Below 50% of 2025 Levels: Galaxy Digital

BTC3.01%
According to Alex Thorn, head of research at Galaxy Digital, Bitcoin dormant coin awakenings in 2026 are projected to fall below 50% of 2025 levels. Thorn noted that during 2024 and 2025, significant quantities of long-dormant Bitcoin were reactivated and moved on-chain, with volumes second only to 2017. He indicated that the current phase of BTC reactivations, referred to as the "Great Distribution," has largely concluded.
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