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On-chain analytics indicate a massive volume of vintage Bitcoin experienced a revival in 2025. Here’s how this year compares to earlier ones.
5+ Year Old Bitcoin Revived Supply Exceeded $52 Billion This Year
According to on-chain analyst Checkmate in a recent update on X, 2025 has witnessed a substantial quantity of aged tokens returning to circulation. Coins are classified as “old” when they remain inactive (i.e., not part of any transaction on the blockchain) for a minimum of 5 years.
These aged tokens can be categorized into various segments. The youngest segment ranges from 5 to 7 years, comprising holders from the last two BTC cycles who remain steadfast in retaining their coins.
The middle segment corresponds to an age of 7 to 10 years. Within this range, there’s a tangible likelihood that coins entering this group are doing so due to becoming lost, rather than through “HODLing.” Finally, the 10+ years segment signifies the genuinely ancient BTC supply.
This year, the three segments have recorded movements valued at (from youngest to oldest): $22.7 billion, $16.2 billion, and $13.3 billion. In total, over $52 billion in old supply emerged from dormancy this year. Below is the chart provided by Checkmate illustrating how earlier years compared.
The data on the revived old BTC supply by year | Source: @_Checkmatey_ on X
The chart indicates that 2024 was the sole year that outperformed this year concerning the overall 5+ years old revived supply, although 2025 still has time to potentially surpass it by the end of December.
Interestingly, there is an old supply segment that 2025 has already exceeded 2024 in this metric, specifically the 10 years+ cohort. This implies that this year Bitcoin experienced the highest volume of ancient supply returning. The analyst noted that $9.5 billion of these tokens originated from a single holder possessing 80,000 BTC.
In other developments, a significant volume of liquidations has impacted the cryptocurrency derivatives market due to the volatility sustained by Bitcoin and others.
Data from CoinGlass reveals that $686 million in liquidations has occurred over the past 24 hours.

Liquidations appear to favor long contracts | Source: CoinGlass
Long contracts have outstripped short ones in liquidations during this phase, owing to the volatility trending downward. More specifically, the bullish flush has totaled $363 million, while the bearish one reached $318 million.
While short liquidations have still been considerable, it should be noted that the market has not only moved downward. Bitcoin initially dipped below $100,000, before rebounding to its current position.

The distribution of the liquidations by symbol | Source: CoinGlass
Regarding the individual assets, BTC-related contracts represented the majority of the squeeze with $231 million in liquidations, while Ethereum followed at $165 million.
BTC Value
As of this writing, Bitcoin is hovering around $101,500, having declined nearly 8% over the last week.
The price trend of the coin over the last five days | Source: BTCUSDT on TradingView
Featured image from Dall-E, CoinGlass.com, checkonchain.com, chart from TradingView.com
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