Bitcoin has fallen back below the $90,000 level after another wave of selling pressure and leveraged long liquidations, signaling that the market remains firmly on the defensive. Each attempt to stabilize has failed, with sellers quickly overwhelming buyers and forcing price into lower ranges. Fear and uncertainty continue to dominate sentiment, and traders increasingly prepare for the possibility of a deeper continuation of the downtrend as volatility accelerates.

Amid this weakness, a new signal has started to attract the attention of analysts. According to Maartunn, one of the market’s most respected on-chain researchers, old coins are waking up again. Dormant Bitcoin—specifically coins held for 3 to 5 years—has begun to move on-chain in noticeable spikes. Historically, this type of ac

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