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Bitcoin UTXO spending hits $21B in largest burst of 2023, mostly moved by one entity, not sold.

Technical Signals
24 Oct 2026
Tokenpost
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Neutral
Bitcoin UTXO spending hits $21B in largest burst of 2023, mostly moved by one entity, not sold.

On October 23, Bitcoin UTXO spending surged to over $21 billion, involving more than 230,000 BTC, marking the largest spike this year. Most of the coins moved had been inactive for one to six months, with about $4.6 billion from coins held for one to three years. Analyst Darkfost suggests that a single entity likely transferred these assets between addresses rather than selling them, as there was no similar increase in exchange-related activity. The impact depends on where the coins are moved next, but this on-chain movement alone does not confirm any sales.

Bitcoin UTXO spending surged past $21 billion in the largest burst of 2026. For readers following major cryptocurrencies, here is Pluang's market snapshot as of Oct 24, 2026 11:21 WIB: out of 50 major cryptocurrencies, 10 rose and 39 fell today. Notable movers include ATOM at Rp30.487 with a 1-day change of -5.86%, EGLD at Rp62.388 with 91% sell order activity, and LTC at Rp1.028.509 with 78% sell order activity.

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