Close Menu
  • Coins
    • Bitcoin
    • Ethereum
    • Altcoins
    • NFT
  • Blockchain
  • DeFi
  • Metaverse
  • Regulation
  • Other
    • Exchanges
    • ICO
    • GameFi
    • Mining
    • Legal
  • MarketCap
What's Hot

Ethereum Institutional Opens Hiring for Key Roles to Drive Institutional Adoption

09/07/2026

‘Safer Than Palantir’—The Startup Building Stablecoins For Governments

09/07/2026

Hoskinson Dismisses Claims That Cardano Is Dead, Says ADA Can Survive Anything, Even Without Him

09/07/2026
Facebook X (Twitter) Instagram
  • Back to NBTC homepage
  • Privacy Policy
  • Contact
X (Twitter) Telegram Facebook LinkedIn RSS
NBTC News
  • Coins
    1. Bitcoin
    2. Ethereum
    3. Altcoins
    4. NFT
    5. View All

    Analyst Who Predicted the Drop Forecasts What Might Happen Next with Bitcoin

    09/07/2026

    A $10.6 Billion Options Earthquake Is Coming

    09/07/2026

    Bitcoin falls under $60K, but traders anticipate 15% bounce

    09/07/2026

    Bitcoin Hasn’t Broken the 4-Year Cycle Yet, Says 21Shares as BTC Dives Below $60K

    09/07/2026

    Ethereum Institutional Opens Hiring for Key Roles to Drive Institutional Adoption

    09/07/2026

    Ethereum’s Recovery Stalls as On-Chain Demand Weakens

    09/07/2026

    Suspected Bitmine Wallets Pull $71.6M in ETH from Kraken and FalconX

    09/07/2026

    Ethereum Whale James Fickel Moves $36.1 Million in ETH to Coinbase Prime

    09/07/2026

    Hoskinson Dismisses Claims That Cardano Is Dead, Says ADA Can Survive Anything, Even Without Him

    09/07/2026

    Circle mints 1B USDC on Solana as weekly issuance hits 3.5B

    09/07/2026

    AVAX Jumps Despite Social Media Doubts Over Solana and Sui Competition

    09/07/2026

    Inveniam acquisition of MANTRA to close June 30 after $20M stake

    09/07/2026

    BIG3 NFT Buyers Sue Ice Cube’s Basketball League Over Alleged Unfulfilled Promises

    08/07/2026

    Cristiano Ronaldo Retirement Puts Billion-Dollar NFT Market to the Test

    06/07/2026

    Bonk-Owned NFT Marketplace Exchange Art to Shut Down on August 1

    04/07/2026

    Element NFT Marketplace Expands Reach to Ink to Enhance NFT Accessibility

    27/06/2026

    Ethereum Institutional Opens Hiring for Key Roles to Drive Institutional Adoption

    09/07/2026

    ‘Safer Than Palantir’—The Startup Building Stablecoins For Governments

    09/07/2026

    Hoskinson Dismisses Claims That Cardano Is Dead, Says ADA Can Survive Anything, Even Without Him

    09/07/2026

    CFTC Chair Says Clarity Act Is ‘So Close’ As August Deadline Nears

    09/07/2026
  • Blockchain

    South Korean consortium completes digital local currency pilot on Kaia blockchain

    08/07/2026

    XRP Ledger Missing From Stablecoin Data as Ethereum and Tron Dominate With 81% Share

    08/07/2026

    Meme coin trading lifts Solana addresses 38%, BNB Chain volume 45%

    08/07/2026

    What Is a Stablechain? Payment Blockchains Explained

    08/07/2026

    UNDP signed agreement with Stellar to scale blockchain payments after pilots in 5 countries

    08/07/2026
  • DeFi

    Is Monad’s record $477mln TVL organic or incentive-driven? Assessing…

    08/07/2026

    Uniswap floats extending UNIfication burns to v4 pools

    08/07/2026

    What are liquid staking tokens? stETH and the depeg risk, explained

    08/07/2026

    Abraxas Capital Moves $14.1M in ETH to Aave, Extending Institutional DeFi Activity

    08/07/2026

    USDD Deposits on Tron’s Just Protocol Surpass $400 Million, Signaling DeFi Growth

    08/07/2026
  • Metaverse

    Is Solana Gaming Back? Kintara Activity Fuels Renewed Optimism in Onchain MMOs

    24/06/2026

    The Sandbox launches AI game engine ‘The Sandbox Studio’ for next-generation creators

    10/06/2026

    Meta commits $13M in funding for Oversight Board through 2028

    29/05/2026

    Why Animoca’s Yat Siu says the future is 100 billion AI agents

    07/05/2026

    ‘8,000 Jobs’—Polymarket Sees Tech Layoff Surge As Meta AI Push Bites

    18/04/2026
  • Regulation

    ‘Safer Than Palantir’—The Startup Building Stablecoins For Governments

    09/07/2026

    Leopold Aschenbrenner’s Massive Bet on AI Infrastructure

    09/07/2026

    OpenAI Plans Biggest ChatGPT Overhaul Before IPO

    09/07/2026

    Abra’s Bill Barhydt says Wall Street’s next crypto bet is tokenization

    09/07/2026

    ChatGPT portfolio crushes stock market, gains 60%

    09/07/2026
  • Other
    1. Exchanges
    2. ICO
    3. GameFi
    4. Mining
    5. Legal
    6. View All

    Variational Introduces Swaps with $1B TradFi Liquidity

    09/07/2026

    XRP Beats Bitcoin and Ethereum to Lead Trading Activity on Upbit With $52M

    09/07/2026

    XRP Supply Shrinks on Binance

    09/07/2026

    XRP Supply Tightens on Binance as Two-Year Scarcity Level Signals Potential Breakout

    09/07/2026

    ICO market slows sharply with only six completions in 2026

    30/04/2026

    South Korea Poised to Lift Ban on Domestic ICOs After 7 Years

    19/12/2025

    Why 2025’s Token Boom Looks Both Familiar and Dangerous

    31/10/2025

    ICO for bitcoin yield farming chain Corn screams we’re so back

    22/01/2025

    Yield Guild Games Sunsets YGG Play Publishing Unit, Cuts 35 Jobs

    06/07/2026

    GO1 and Xiaohai Set up Potential Rematch at EWC 2026 Fatal Fury Bracket in Paris

    06/07/2026

    Nexus Acquires Homegrown App Marketplace One Store, Expanding into Global Web3 Game Hub

    21/06/2026

    GMATRIXS and Plum Protocol Partner to Blend GameFi with Meme Assets, Driving Multi-Chain Web3 User Experience

    16/06/2026

    Malaysia raids lead to seizure of 75,578 crypto mining rigs

    09/07/2026

    Malaysian Sweep in Crypto Mining Strikes at Illegal Operations

    08/07/2026

    Galaxy turns Helios Bitcoin mine into AI hub for CoreWeave

    08/07/2026

    Bitdeer’s New 1 PH/s Mining Rig Cuts Hardware Needs by 99.9% Since 2015

    08/07/2026

    CFTC Chair Says Clarity Act Is ‘So Close’ As August Deadline Nears

    09/07/2026

    DOJ Memo Warns of Tighter Binance Freeze Procedures; Exchange Denies Policy Shift

    09/07/2026

    Block pays $45M to settle fraud allegations from New York and 45 other states

    09/07/2026

    Ethics, DeFi, and $1.35B in yield

    09/07/2026

    Ethereum Institutional Opens Hiring for Key Roles to Drive Institutional Adoption

    09/07/2026

    ‘Safer Than Palantir’—The Startup Building Stablecoins For Governments

    09/07/2026

    Hoskinson Dismisses Claims That Cardano Is Dead, Says ADA Can Survive Anything, Even Without Him

    09/07/2026

    CFTC Chair Says Clarity Act Is ‘So Close’ As August Deadline Nears

    09/07/2026
  • MarketCap
NBTC News
Home»Bitcoin»Dormant Bitcoin Whales Rouse From Slumber To Threaten BTC Rally
Bitcoin

Dormant Bitcoin Whales Rouse From Slumber To Threaten BTC Rally

NBTCBy NBTC02/11/2023No Comments3 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email


Dormant Bitcoin whales, or long-term HODLers holding huge amounts of BTC, have suddenly awakened and started moving their funds. After over six years of inactivity, three dormant Bitcoin addresses containing thousands of BTC unexpectedly became active again, and they transferred a combined total of 6,500 BTC. 

With BTC now showing signs of the resumption of the October rally, these massive Bitcoin transfers could either increase buying momentum or threaten to capsize the current bull run.

Dormant Bitcoin Whales Make Waves With Massive BTC Transfers

Movement of dormant Bitcoin addresses has been sporadic this year, with most causing a stir and rising interest amongst the Bitcoin community. Whale movement and whale acquisitions also spiked up in October, as Bitcoin’s price saw its highest increase in 18 months.

In the latest record of whale transactions this year, on-chain data has shown that a set of dormant Bitcoin from 2017 has moved for the first time in six years. These transactions came from three addresses transferring a total of 6,500 BTC, worth approximately $230 million. 

An in-depth look into these addresses shows they received their assets on November 5, 2017, with no movement until now. At the time, Bitcoin was trading at around $7,400, putting the total value of the transaction at $48 million. BTC has grown substantially since then, with a unit now going for $35,230 at the time of writing.

Selling Pressure Incoming?

The timing of the acquisition and transfer of these BTC point to them being controlled by one entity. Uncertainty behind these transfers sometimes can threaten buyer confidence as it could indicate the whale expects a price drop and is securing profits. 

Alternatively, it could show they foresee further growth and are reorganizing for the next big rally. On-chain data points to the former, as the BTC is still held in private addresses, showing they are probably still in self-custody.

Whale transfers to cryptocurrency exchanges have increased over the past few days, which may jeopardize Bitcoin’s present bull market and price gain. However, whale purchases have surged during the same period, indicating a combination of buys and selloffs from bulls and bears.

One particular whale transfer that caught the eye of many traders is the movement of 2,905 BTC worth approximately $100 million dollars between two unknown wallets.

🚨 🚨 🚨 🚨 🚨 2,905 #BTC (100,351,765 USD) transferred from unknown wallet to unknown new wallethttps://t.co/qpyONJupI2

— Whale Alert (@whale_alert) November 1, 2023

On the other hand, Bitcoin recently cleared the $35,000 resistance level, as bulls look to continue October’s Bitcoin gains in the new month. November has generally been a profitable month for Bitcoin and on-chain signals currently point to greed on the Bitcoin Fear & Greed Index. A continued break above the $35,000 mark could see BTC reach 2022’s order block at $45,000. 

Bitcoin price chart from Tradingview.com

BTC at 35,400 | Source: BTCUSD on Tradingview.com

Featured image from Shutterstock, chart from Tradingview.com


Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
NBTC

NBTC is the editorial account for NBTC News, covering Bitcoin, Ethereum, DeFi, blockchain infrastructure, exchanges, mining, regulation and digital asset markets. The editorial team focuses on clear sourcing, timely updates and practical context for crypto readers.

Related Posts

Analyst Who Predicted the Drop Forecasts What Might Happen Next with Bitcoin

09/07/2026

A $10.6 Billion Options Earthquake Is Coming

09/07/2026

Bitcoin falls under $60K, but traders anticipate 15% bounce

09/07/2026

Bitcoin Hasn’t Broken the 4-Year Cycle Yet, Says 21Shares as BTC Dives Below $60K

09/07/2026
Add A Comment

Comments are closed.

Top Posts
Get Informed

Subscribe to Updates

Get the latest news from NBTC regarding crypto, blockchains and web3 related topics.

Your source for the serious news. This website is crafted specifically to for crazy and hot cryptonews. Visit our main page for more tons of news.

We're social. Connect with us:

Facebook X (Twitter) LinkedIn RSS
Top Insights

Ethereum Institutional Opens Hiring for Key Roles to Drive Institutional Adoption

09/07/2026

‘Safer Than Palantir’—The Startup Building Stablecoins For Governments

09/07/2026

Hoskinson Dismisses Claims That Cardano Is Dead, Says ADA Can Survive Anything, Even Without Him

09/07/2026
Get Informed

Subscribe to Updates

Get the latest news from NBTC regarding crypto, blockchains and web3 related topics.

Type above and press Enter to search. Press Esc to cancel.