Glassnode's latest analysis reveals a resurgence of speculative activity in the Bitcoin (CRYPTO:BTC) market, attributed to market reactions following internal wallet movements by the Mt Gox Trustee.

The consolidation of 141,000 BTC for distribution to creditors has sparked renewed engagement, impacting metrics like Realised Cap and Coindays destroyed.

Both long and short-term holders have experienced a reset in their Sell-Side Risk ratio, indicating a return of market confidence and a potential shift in sentiment.

With expectations of increased volatility and heightened speculative activity, the market appears poised for significant movements in the near future.