Dormant Bitcoin Wallets Stir as Prices Consolidate

[ed]

Long-inactive wallets are suddenly moving Bitcoin:

A 445 BTC wallet (13 years dormant) transferred funds to Kraken.

Another 480 BTC wallet (last active in 2012) shifted coins to a new address.

Combined with whale selling, these moves suggest old holders are reassessing positions as BTC stalls near $116K resistance.

Bitcoin remains 7% below its Aug. 14 peak of $124K, struggling to break higher.

[Nahid10]

Seeing decade-old wallets wake up is always fascinating. When long-term holders finally move their coins, it often signals either profit-taking at key resistance levels or a strategic reshuffle into new assets. Combine that with whales unloading billions recently, and it’s clear the market is facing heavy distribution pressure right at $116K. The question is whether retail demand is strong enough to absorb it before momentum flips bearish.