Bitcoin News Today: Bitcoin's 7-Year-Dormant Coin Surge: Bullish Accumulation or Correction Prelude?

Bitcoin's on-chain activity has surged as dormant coins, inactive for over seven years, hit a new annual high, signaling potential market shifts. The phenomenon, tracked by on-chain analytics firm CryptoQuant, has sparked debate, according to a Benzinga report.

The recent awakening of long-dormant Bitcoin-exceeding levels seen in 2024-has drawn attention from analysts and investors. These coins, which include holdings from old miners, corporate wallets, and institutional investors, could indicate either renewed confidence in the asset or partial liquidations to fund new ventures. CryptoQuant attributes the movement to factors such as cold wallet migrations, strategic reserve adjustments, and possibly the activation of wallets from prior cycles, according to Benzinga.

Meanwhile, Bitcoin's price remains in a critical consolidation phase, trading near $115,000 as a key resistance level. While bulls eye a retest of the $126,000 all-time high, bearish pressures linger, with support identified at $100,000. A breakdown below this threshold could trigger a deeper correction toward $75,000, according to Benzinga.

The data also highlights the role of "Dolphin" holders-entities holding 100–1,000 BTC-who control 26% of the total supply. These large holders, including ETFs and corporations, have added 681,000 BTC in 2025 alone, surpassing the 365-day average of 730,000 BTC. This accumulation, historically a precursor to price rallies, suggests the bull cycle remains intact despite short-term volatility, Benzinga noted.

CryptoQuant's analysis emphasizes that the NVT (Network Value to Transactions) Golden Cross indicator, a gauge of market overheating, currently reads well below historical peaks. Unlike past bull market peaks where the metric exceeded 3, current levels indicate the cycle is far from exhaustion. "Without an upward phase, there can be no crypto winter," the firm noted, underscoring the structural strength of Bitcoin's long-term fundamentals, Benzinga reported.

However, the path to higher prices hinges on renewed accumulation by large holders. If Dolphin activity slows, it could signal a shift in market sentiment, potentially leading to a prolonged correction. Traders and analysts are closely monitoring on-chain flows to gauge whether the current phase represents a pause in the bull run or the onset of a bearish repositioning, Benzinga reported.