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

Erik Zhang releases Neo N3 v3.10.2, patches multisig witness verification bypass

27/10/2026

Franklin Templeton Explores SEC Relief for Tokenized Fund Trades

27/10/2026

Inside Dogecoin’s Tipping and Charity Culture

27/10/2026
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

    Bitcoin faces an $8,000 trading trap as US midterms approach

    26/10/2026

    Bitcoin Price Hovers Near $81K as Analysts See Potential Market Bottom

    26/10/2026

    Why BTC Price Is Ignoring Dollar Weakness

    26/10/2026

    Bitcoin price prediction — Relief reversal ahead or deeper $80K flush?

    26/10/2026

    Ethereum Whale Adds $5.67M USDC to Avoid Liquidation Risk

    26/10/2026

    Is Ethereum setting up to outperform Bitcoin in November?

    26/10/2026

    Lido Puts Liquidity Buffers At The Center Of Ethereum ETP Yield Debate

    26/10/2026

    Lido opens larger Ethereum validators with a 32 ETH operator bond

    26/10/2026

    Inside Dogecoin’s Tipping and Charity Culture

    27/10/2026

    Japanese Exchange Announces New Shiba Inu Giveaway as SHIB Gains Spotlight

    26/10/2026

    STRK Surges 25% as Starknet Votes on Ethereum ‘Divorce’ for Quantum Security

    26/10/2026

    Pyth Network Reports Q3 Growth with $2.16 Trillion in Volume

    26/10/2026

    SquiggleDAO Acquires NFT Through Decentralized Community

    24/10/2026

    Collector Crypt Reports Record $24.3 Million Day

    22/10/2026

    Yuga Labs Launches Mudwater Trading-Card NFTs on Solana

    22/10/2026

    Is It Still the Best NFT Marketplace?

    21/10/2026

    Erik Zhang releases Neo N3 v3.10.2, patches multisig witness verification bypass

    27/10/2026

    Franklin Templeton Explores SEC Relief for Tokenized Fund Trades

    27/10/2026

    Inside Dogecoin’s Tipping and Charity Culture

    27/10/2026

    SEC swaps “AI” for “super intelligence” in 2027 exam priorities

    27/10/2026
  • Blockchain

    Erik Zhang releases Neo N3 v3.10.2, patches multisig witness verification bypass

    27/10/2026

    Solana Amplifies LI.FI Announcement of Intents Launch

    25/10/2026

    Base Amplifies Announcement of Multi-Network Access via Keeper

    25/10/2026

    Optimism Partners with Meritz Securities for Korean

    25/10/2026

    Polygon Amplifies BIG UNLOCK for Enterprises

    25/10/2026
  • DeFi

    Stani Kulechov Promotes Borrowing USDC via Aave’s Tokenized

    26/10/2026

    Stablecoin deposits in DeFi rise 560.8% in three years as lending pools log outflows

    26/10/2026

    Llamalend v2 Delivers High Yields on $syrupUSDC

    25/10/2026

    Aave changes USDT borrowing rules and loan costs suddenly jump

    25/10/2026

    Uniswap Confirms cirBTC Dominance on arc with 90% Trading

    25/10/2026
  • Metaverse

    Exploring the Future of the Metaverse

    19/10/2026

    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
  • Regulation

    Franklin Templeton Explores SEC Relief for Tokenized Fund Trades

    27/10/2026

    Bitfinex Spotlights Tokenised Stocks

    26/10/2026

    Tokenized commodities look beyond gold as lending and oil open new markets

    26/10/2026

    Inflation target of 2% may not stop the next Fed rate freeze

    26/10/2026

    Being right about Bitcoin won’t save your 3x leveraged ETF position

    26/10/2026
  • Other
    1. Exchanges
    2. ICO
    3. GameFi
    4. Mining
    5. Legal
    6. View All

    Bitmex Crypto Exchange Closes; Funds Left Behind Face New Account Fees

    27/10/2026

    Crypto Exchange Spot Volume Jumps 36.5% to $696.7B in September

    26/10/2026

    BNBCHAIN Launches x402 for Programmable Payments in Crypto

    26/10/2026

    Robinhood Expands frxUSD Liquidity with New Trading Pairs

    26/10/2026

    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

    Top 12 NFT games every player should know about in August 2026

    19/08/2026

    GameShame Studios founder details Raijin Protocol’s roadmap in NeoPod’s sixth AMA

    13/08/2026

    How BC.GAME is turning players into stakeholders

    04/08/2026

    YGG Play Shuts Down Services as Yield Guild Pivots to AI Data

    01/08/2026

    Tether is Developing AI-Powered Bitcoin Mining Management Technology! Here are the Details

    26/10/2026

    Paolo Ardoino wants AI to run Bitcoin mines. Who gets permission to act?

    26/10/2026

    Bitcoin’s 7-Day Hashrate Returns to 1 ZH/s After Nearly 8 Months

    26/10/2026

    Bitcoin Hashrate Shrugs off the AI Unplug, Regaining 1 ZH/s Level

    25/10/2026

    SEC swaps “AI” for “super intelligence” in 2027 exam priorities

    27/10/2026

    Caroline D. Pham Delivers Keynote on Crypto Regulation

    26/10/2026

    Cboe Clear’s SEC registration lets the clearinghouse handle securities

    26/10/2026

    South Africa Backtracks on Controversial Crypto Rules After Backlash

    26/10/2026

    Erik Zhang releases Neo N3 v3.10.2, patches multisig witness verification bypass

    27/10/2026

    Franklin Templeton Explores SEC Relief for Tokenized Fund Trades

    27/10/2026

    Inside Dogecoin’s Tipping and Charity Culture

    27/10/2026

    SEC swaps “AI” for “super intelligence” in 2027 exam priorities

    27/10/2026
  • 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

Bitcoin faces an $8,000 trading trap as US midterms approach

26/10/2026

Bitcoin Price Hovers Near $81K as Analysts See Potential Market Bottom

26/10/2026

Why BTC Price Is Ignoring Dollar Weakness

26/10/2026

Bitcoin price prediction — Relief reversal ahead or deeper $80K flush?

26/10/2026
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

Erik Zhang releases Neo N3 v3.10.2, patches multisig witness verification bypass

27/10/2026

Franklin Templeton Explores SEC Relief for Tokenized Fund Trades

27/10/2026

Inside Dogecoin’s Tipping and Charity Culture

27/10/2026
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.