$674 Million Worth of Dormant Bitcoins Suddenly on the Move
Portfolio Pulse from
Crypto analytics firm CryptoQuant reports significant movement of Bitcoin dormant coins valued at $674 million, with coins untouched for 5-7 years suddenly becoming active. This occurs alongside a market downturn, with Bitcoin price dropping nearly 4% and correlating with S&P 500 index decline. Glassnode suggests whales are in 'sustained accumulation' mode, adding approximately 129,000 BTC this month.
March 28, 2025 | 6:15 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Large volume of dormant Bitcoin coins activated, potentially signaling market shifts or whale strategy changes. Price currently experiencing downward pressure.
Sudden movement of large dormant Bitcoin amounts suggests potential market redistribution or strategic repositioning by major holders. Concurrent price decline and correlation with broader market downturn indicates short-term bearish sentiment.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100