Dormant BTC Moves Hint at Bullish Surge to $95K
Key Takeaways
- Over 62,800 Bitcoin (BTC) moved for the first time in more than seven years – a 121% year-over-year increase.
- Large investors (whales) are showing increased activity with transactions over USD 10 million.
- Technical indicators suggest a potential price move towards USD 95,000.
- Liquidation zones between USD 93,000 and USD 95,000 could trigger strong price surges if breached.
Long-Term Hodlers Become Active
Suddenly, over 62,800 BTC that had remained untouched for more than seven years were moved. These coins do not originate from known sources like Mt. Gox, but apparently from private long-term investors. Such movements often indicate strategic decisions – either to take profits or to reposition in anticipation of rising prices. In both cases, this signals that the market may be entering a phase of increased volatility.
Large Investors Dominate the Market
Data from IntoTheBlock shows that around 84.44% of all Bitcoin addresses are currently in profit. This reduces selling pressure. At the same time, there is a decline in small transactions (under USD 1,000). In contrast, transactions in the range of USD 1 to 10 million increased by 49.29%, while transfers over USD 10 million rose by 38.46%. This suggests that institutional investors are entering the market more aggressively – a common signal of upcoming price increases.
Liquidation Zones Could Trigger a Price Rally
A look at the CoinGlass liquidation heatmap shows a concentration of long positions in the range between USD 93,000 and USD 95,000. If this range is breached, numerous automated sell orders could be triggered, paradoxically pushing the price even higher. The current price, at around USD 91,889, is just below this zone. Since there is little liquidity below this level, many factors point to a continuation of the upward trend – provided the bulls maintain control.
Technical Indicators Confirm Uptrend
Despite a slight decline of 2.58% in the past 24 hours, technical indicators continue to show strength. Bitcoin is trading near the upper Bollinger Band boundary at USD 93,549 – a level that often acts as a breakout zone. The MACD (Moving Average Convergence Divergence), a trend-following indicator, recently gave a bullish signal. Increasing volatility also suggests an imminent price movement.
Exchanges Prepare for Market Movement
Internal wallet movements on crypto exchanges rose by 2.24%, with a total of 333,400 BTC moved within the platforms. Such activity often indicates an upcoming shift in the market. Exchanges are reallocating liquidity to prepare for potential increases in demand. This also supports the growing expectation of stronger price movements.
Our Assessment
The current market situation shows several bullish signals. The reactivation of long-held BTC, increased activity from institutional investors, and technical indicators all point to a possible move toward USD 95,000. In particular, the liquidation zones above USD 93,000 could serve as a catalyst for a rapid upward move. Those invested in Bitcoin or considering an entry should closely monitor these developments. The coming days could be critical.
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Sources
- IntoTheBlock
- CoinGlass
- TradingView
- CryptoQuant
| Symbol | BTC |
| Coin type | Alt Coin |
| Transaction Speed | Slow |
| Pros |
|
| Cons |
|
| Further practical applications | |
| Price | $94,747.00 |
| 24h % | 2.37 % |
| 7d % | 12.00 % |
| 30d % | 7.67 % |
| 60d % | -1.13 % |
| 1y % | 48.69 % |
| Market Cap | $1,878,348,161,772.00 |
| Max. Supply | 21,000,000.00 |
| Official Links | Website | Whitepaper | Source Code |
| Socials | Reddit | X | Message Board |
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