Dormant Bitcoin Awakens: Significant Market Changes Ahead

Bitcoin is currently trading at a pivotal level of $113,897, following several days of tight consolidation between $110,000 and $115,000. This price action reflects a tense standoff between bulls and bears, with cautious market sentiment prevailing despite bullish momentum.

Key Points

• Over 604,549 BTC of dormant Bitcoin have moved onchain in recent weeks.
• Analyst Maartunn highlights that long-term holders are adjusting their positions, indicating a shift in market dynamics.
• The capital flow changes may signal institutional investors rotating funds, particularly between Bitcoin and Ethereum.
• Bitcoin faces important breakout points within the $112,000 to $115,000 range.

In-Depth Analysis

According to Maartunn, since March 9, 2025, a staggering 604,549 BTC of dormant Bitcoin has started to flow, representing a significant shift in long-term holder behavior. These coins typically belong to investors who have weathered multiple market cycles, showcasing their deep conviction in Bitcoin’s long-term value. The movement of such coins is closely monitored by market participants.

Some analysts argue this activity is a clear profit-taking behavior, as holders may see the recent rally towards $115,000 as an opportune moment to secure gains. Large holders, often referred to as