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

Ethereum co-founder Buterin praises Fusaka upgrade

05/12/2025

Robinhood Shares Surge 11% as Fintech Seeks Independence From Kalshi in Prediction Markets

05/12/2025

All crypto assets except Bitcoin are risky

05/12/2025
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

    Price Breaks All-Time High Record Again – Here’s What We Know

    04/08/2025

    Bitcoin Switzerland? El Salvador to Host First Fully Native Bitcoin Capital Markets

    04/08/2025

    Bitcoin Breaks $119K, but XLM and HBAR Aren’t Impressed by Its Meager Percentage Gain

    04/08/2025

    High-Stakes Consolidation Could Define Q3 Trend

    04/08/2025

    Ethereum co-founder Buterin praises Fusaka upgrade

    05/12/2025

    It Will Reach $4,262 If This Happens

    05/12/2025

    ‘Shark’ Wallets Drive Ethereum to 3-Week High After Fusaka Deployment

    05/12/2025

    Ethereum Short Squeeze Warning as Price Pushes Toward $3,500

    05/12/2025

    The Sui Ecosystem’s Top 3 Altcoin Performers

    29/07/2025

    Floki Launches $69000 Guerrilla Marketing Challenge With FlokiUltras3

    28/07/2025

    Crypto Beast denies role in Altcoin (ALT) crash rug pull, blames snipers

    28/07/2025

    $1.6 Billion XRP Surge: Here’s What’s Unfolding

    28/07/2025

    Pudgy Penguins Scores Epic NHL Collaboration for 2026 Winter Classic

    03/12/2025

    NFT sales surge 9% to $77M, CryptoPunks show modest recovery

    29/11/2025

    AINFT Joins Forces with MEXC Listings to the Global Accessibility for NFT

    28/11/2025

    Conor McGregor accuses Khabib Nurmagomedov of scamming fans with $4.4 million NFT sale

    27/11/2025

    Ethereum co-founder Buterin praises Fusaka upgrade

    05/12/2025

    Robinhood Shares Surge 11% as Fintech Seeks Independence From Kalshi in Prediction Markets

    05/12/2025

    All crypto assets except Bitcoin are risky

    05/12/2025

    Making hashrate commoditized: The next financial frontier in Bitcoin mining

    05/12/2025
  • Blockchain

    Myriad Partners With Trust Wallet to Launch First In-Wallet Prediction Markets

    04/12/2025

    Kalshi Pushes Further Into Crypto With On-Chain Prediction Markets on Solana

    04/12/2025

    Global banks gain institutional staking access through taurus everstake partnership

    04/12/2025

    Singularity Compute Reveals Pioneering NVIDIA GPU Cluster for Enterprise Workloads

    04/12/2025

    Warden Protocol Joins Caesar to Accelerate On-chain Intelligence and AI Agents

    04/12/2025
  • DeFi

    Babylon’s Trustless Vaults to Add Native Bitcoin-Backed Lending Through Aave

    04/12/2025

    WOOFi Goes Live on Monad with High-Speed, Low-Slippage On-Chain Trading

    04/12/2025

    Parataxis Agrees to Buy Control of South Korea’s Sinsiway for $27M, Build Ether Treasury

    04/12/2025

    Ethereum built DeFi, and now Bitcoin’s real yield is taking it further

    04/12/2025

    Jane Street Leads $105M Funding for Antithesis, a Testing Tool Used by Ethereum Network

    04/12/2025
  • Metaverse

    Meta Plans 30% Cut to Metaverse Budget as Reality Becomes Less Virtual: Bloomberg

    04/12/2025

    Cambridge Institute Joins InfblueNFT to Transform Digital Communication

    21/11/2025

    AGI Open Network Partners with MetaMars to Drive Marverse Economy

    15/11/2025

    Koda Nexus Opens in Otherside, Bored Ape Yacht Club Creator Debuts Social Hub

    13/11/2025

    Hollywood.com Reveals Crypto-Powered Prediction Market for Movies, TV and More

    04/11/2025
  • Regulation

    Robinhood Shares Surge 11% as Fintech Seeks Independence From Kalshi in Prediction Markets

    05/12/2025

    RedStone Predicts Tokenized Assets Could Hit $60 Billion in 202

    05/12/2025

    Household investments in Russian crypto derivatives hit 3.7 billion rubles

    05/12/2025

    What Lies Ahead for the US Economy in 2026? Renowned Economist Nouriel Roubini Weighs In

    05/12/2025

    Amundi brings euro money market fund onchain with first tokenized share

    04/12/2025
  • Other
    1. Exchanges
    2. ICO
    3. GameFi
    4. Mining
    5. Legal
    6. View All

    Bybit launches Kazakhstan’s first regulated P2P crypto trading platform

    04/12/2025

    Binance Alpha Lists SUPERFORTUNE (GUA) and Launches Tiered Airdrop

    04/12/2025

    Arbitrage Bot Halt Sparks Dramatic Altcoin Pumping on Upbit – CryptoQuant CEO Reveals Market Shift

    04/12/2025

    ORCA Token Surges Amid Upbit Crisis

    04/12/2025

    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

    Why 2025 Will See the Comeback of the ICO

    26/12/2024

    Elderglade and zkLink Forge Strategic Partnership to Advance Cross-Chain Web3 Gaming

    03/12/2025

    DATA2073 Launches Optimized Android Build With Faster Battles and Seamless Web3 Gameplay

    02/12/2025

    Grand Theft Auto Dev Warns That Generative AI Could Harm Games

    02/12/2025

    LoveBit and Salvo Games Unite to Advance AI-Powered Web3 Gaming Innovation

    02/12/2025

    Making hashrate commoditized: The next financial frontier in Bitcoin mining

    05/12/2025

    Authorities chase rogue Bitcoin miners across Malaysia in grid crackdown

    04/12/2025

    Malaysian Forms Air and Ground Task Force to Shutdown 14,000 BTC Mining Rigs

    04/12/2025

    CleanSpark lifts output and power as Bitcoin miners face strain

    04/12/2025

    All crypto assets except Bitcoin are risky

    05/12/2025

    Does China Know Bitcoin’s Bull and Bear Cycles in Advance? A Major Claim – Here Are the Details

    05/12/2025

    UK takes ‘massive step forward,’ passing property laws for crypto

    05/12/2025

    Cayman Islands Web3 foundations jump 70% as CARF reporting rules arrive

    05/12/2025

    Ethereum co-founder Buterin praises Fusaka upgrade

    05/12/2025

    Robinhood Shares Surge 11% as Fintech Seeks Independence From Kalshi in Prediction Markets

    05/12/2025

    All crypto assets except Bitcoin are risky

    05/12/2025

    Making hashrate commoditized: The next financial frontier in Bitcoin mining

    05/12/2025
  • 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

Related Posts

Price Breaks All-Time High Record Again – Here’s What We Know

04/08/2025

Bitcoin Switzerland? El Salvador to Host First Fully Native Bitcoin Capital Markets

04/08/2025

Bitcoin Breaks $119K, but XLM and HBAR Aren’t Impressed by Its Meager Percentage Gain

04/08/2025

High-Stakes Consolidation Could Define Q3 Trend

04/08/2025
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 co-founder Buterin praises Fusaka upgrade

05/12/2025

Robinhood Shares Surge 11% as Fintech Seeks Independence From Kalshi in Prediction Markets

05/12/2025

All crypto assets except Bitcoin are risky

05/12/2025
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.