Bitcoin News Today: As Dormant Wallets Sell, Institutions Bet Big on Bitcoin's Future

Bitcoin's recent price surge to record highs has triggered a wave of activity from long-dormant wallets, with movements totaling billions of dollars. On-chain data reveals that wallets inactive for 3–5 years transferred 32,322 BTC-valued at $3.93 billion-marking the largest single-day dormant movement of 2025 Dormant Bitcoin Wallets Move $3.93B as Profit-Taking Sparks 620M Crypto Liquidations^[1]. This activity, driven by profit-taking from long-term holders, has introduced short-term bearish pressure as large volumes of Bitcoin re-enter circulation Dormant Bitcoin Wallets Move $3.93B as Profit-Taking Sparks 620M Crypto Liquidations^[1]. The sell-off coincided with a 4% correction in Bitcoin's price, which retreated to $120,000 after hitting $126,192, and triggered $620 million in liquidations across crypto derivatives markets Dormant Bitcoin Wallets Move $3.93B as Profit-Taking Sparks 620M Crypto Liquidations^[1].

Parallel developments emerged from 14-year-old wallets, with two addresses holding 10,000 BTC each reactivating and transferring over $2.2 billion to new addresses 14-Year Dormant Bitcoin Wallets Reactivate, Moving Over 1.1B in BTC Each^[2]. Blockchain analysts noted that six additional wallets with identical 10,000 BTC holdings also moved funds, suggesting a single entity controls at least 80,000 BTC-now valued at $8.8 billion 14-Year Dormant Bitcoin Wallets Reactivate, Moving Over 1.1B in BTC Each^[2]. These transactions, which upgraded legacy addresses to modern formats, have sparked speculation about strategic planning by a "mega-whale" but have not yet resulted in sales 14-Year Dormant Bitcoin Wallets Reactivate, Moving Over 1.1B in BTC Each^[2].

Further activity came from a 12.5-year-old wallet that transferred 100 BTC ($12.49 million) to two new addresses, with the remaining 591 BTC in the wallet valued at $73.67 million . The whale's initial acquisition of 691 BTC in 2013 cost just $92,000, yielding an 82,355% return. Analysts observed that such movements often signal market repositioning during consolidation phases, particularly near all-time highs .

Derivatives data indicates a shift in market dynamics as bulls counterbalance selling pressure. Coinglass reported that liquidation ratios narrowed from 74% long-position dominance to 55% within hours, suggesting buyers are regaining control Dormant Bitcoin Wallets Move $3.93B as Profit-Taking Sparks 620M Crypto Liquidations^[1]. Open interest in Bitcoin derivatives stands at $44.4 billion, with perpetual contracts accounting for $42.2 billion, reflecting heightened speculative activity . Binance leads in open interest ($15.1 billion), followed by Bybit ($10.1 billion) and OKX ($5 billion), underscoring institutional demand for liquidity .

Market observers highlight mixed signals. While dormant wallet activity and exchange inflows-such as 1,550 BTC ($200 million) moved to Binance-indicate tightening supply conditions, net exchange outflows of 15,700 BTC suggest long-term accumulation Old Bitcoin Whales Reactivate: What Does it Mean for …^[3]. VanEck's Matthew Sigel noted that exchanges are increasingly seeking direct Bitcoin purchases, signaling confidence in the asset's scarcity-driven value . Meanwhile, BlackRock's record ETF inflows and Q3 profits of $3.9 billion reinforce institutional buying commitments Dormant Bitcoin Wallets Move $3.93B as Profit-Taking Sparks 620M Crypto Liquidations^[1].

Price projections remain cautious but optimistic. Analysts expect Bitcoin to consolidate between $124,000 and $125,000 before testing higher resistance, with a potential $130,000–$135,000 target if it breaks above $125,559 . However, a failure to hold current support levels could trigger a correction toward $120,000. Long-term forecasts, such as VanEck's projection of Bitcoin capturing half of gold's $26 trillion market cap, hinge on sustained accumulation cycles and macroeconomic factors .