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

Pudgy Penguins and OpenSea unite for Collector Park NYC festival Sept. 3

30/08/2026

Anthropic CEO Doubles Down on AI Curing Most Diseases Within a Decade

30/08/2026

“Don’t Bet Against Me, We’re Gonna Win This Fight”

30/08/2026
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 Traders Lose $100M as BTC Drops $3K in 12 Hours

    29/08/2026

    Bitcoin price risks $59K drop as Iran war lifts oil

    29/08/2026

    The free ride for VanEck’s Bitcoin ETF is officially over after falling $1.4 billion short of growth target

    29/08/2026

    Jack Mallers Reiterates Commitment to Bitcoin via Recent Tweet

    29/08/2026

    Ethereum Moves Account Abstraction Forward in Hegotá Upgrade

    28/08/2026

    ETH, XRP, MemeToro And HYPE Lead July Momentum As Smaller Tokens Struggle For Liquidity

    28/08/2026

    Bitcoin’s Next Rally Could Send Ethereum Toward $20K: Analyst

    27/08/2026

    Ethereum Developer Proposes ERC-8391 to Standardize Market State Data for Tokenized Stocks

    27/08/2026

    “Don’t Bet Against Me, We’re Gonna Win This Fight”

    30/08/2026

    Trump Team Nets $3.39 Million Selling TRUMP Tokens in 10 Hours

    29/08/2026

    New Solana vote could ramp daily SOL burns to $800,000 and slow new token creation

    29/08/2026

    Solana Network Revenue Tops $1 Million, Hits Six-Month High

    29/08/2026

    Pudgy Penguins and OpenSea unite for Collector Park NYC festival Sept. 3

    30/08/2026

    NFT sales fall 44.7% to $63.3M as Ethereum leads

    29/08/2026

    32 NFT predictions that aged like milk

    25/08/2026

    A 2026 Filing Guide for Creators

    24/08/2026

    Pudgy Penguins and OpenSea unite for Collector Park NYC festival Sept. 3

    30/08/2026

    Anthropic CEO Doubles Down on AI Curing Most Diseases Within a Decade

    30/08/2026

    “Don’t Bet Against Me, We’re Gonna Win This Fight”

    30/08/2026

    Nepal’s Flash Flood Disaster Could Put Blockchain Aid to the Test

    29/08/2026
  • Blockchain

    Nepal’s Flash Flood Disaster Could Put Blockchain Aid to the Test

    29/08/2026

    Circle Adds Native USDC, EURC and CCTP Support to Plasma

    29/08/2026

    Aptos Integrates Circle’s CCTP V2 for Seamless USDC Transfers

    29/08/2026

    Ripple Hires LME Treasury Executive

    29/08/2026

    What It Means for Crypto Users

    29/08/2026
  • DeFi

    Promise of DeFi gave way to ‘walled gardens,’ but was it bound to happen?

    29/08/2026

    Sanctum’s $1.66B TVL Makes It Solana’s Top Protocol, Passing Jupiter

    29/08/2026

    Top Yields and Key Metrics for Late August 2026

    28/08/2026

    Stellar’s $3B RWA market faces a $2M DeFi gap

    28/08/2026

    Aave V4 Deposits Reach $806 Million After 30% Weekly Gain

    28/08/2026
  • 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

    Anthropic CEO Doubles Down on AI Curing Most Diseases Within a Decade

    30/08/2026

    Can Anthropic’s $65B AI funding push its valuation to $2 trillion?

    29/08/2026

    risk oversight scattered as IPO nears

    29/08/2026

    ECB warns euro area defence spending could raise long-term borrowing costs

    29/08/2026

    5 things to know before Wall Street opens

    29/08/2026
  • Other
    1. Exchanges
    2. ICO
    3. GameFi
    4. Mining
    5. Legal
    6. View All

    Monetae Brings 70 Tokenised US Stocks to El Salvador Using Alpaca Infrastructure

    29/08/2026

    272M USDC Moved from Coinbase Institutional to Coinbase: What It Means

    29/08/2026

    Trump Media Drops ‘Truth Predict’ Buildout, Chooses Crypto.com Instead

    29/08/2026

    Stablecoin reserves fall to $64B – Binance captures 68.5% of exchange liquidity

    29/08/2026

    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

    Bitcoin miners are no longer pure crypto proxies and are morphing into high-performance computing hubs

    29/08/2026

    A Major Change Is Coming

    29/08/2026

    US Bitcoin Mining Grip Slips From Q1 to Q3 as Rival Nations Gain

    29/08/2026

    IREN shares fall 8% as costly AI transition weighs on earnings

    28/08/2026

    Ethics Probe Resumes After Pro-Crypto Farage Wins By-Election

    29/08/2026

    The CLARITY Act won’t move markets. It will move people.

    29/08/2026

    Trump’s WLFI Faces Scrutiny Over Pentagon-Flagged AI Ties

    29/08/2026

    Why Was the SEC’s Big Crypto Meeting Canceled? Big Names Emerge From Behind the Scenes! Here Are the Details

    29/08/2026

    Pudgy Penguins and OpenSea unite for Collector Park NYC festival Sept. 3

    30/08/2026

    Anthropic CEO Doubles Down on AI Curing Most Diseases Within a Decade

    30/08/2026

    “Don’t Bet Against Me, We’re Gonna Win This Fight”

    30/08/2026

    Nepal’s Flash Flood Disaster Could Put Blockchain Aid to the Test

    29/08/2026
  • 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 Traders Lose $100M as BTC Drops $3K in 12 Hours

29/08/2026

Bitcoin price risks $59K drop as Iran war lifts oil

29/08/2026

The free ride for VanEck’s Bitcoin ETF is officially over after falling $1.4 billion short of growth target

29/08/2026

Jack Mallers Reiterates Commitment to Bitcoin via Recent Tweet

29/08/2026
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

Pudgy Penguins and OpenSea unite for Collector Park NYC festival Sept. 3

30/08/2026

Anthropic CEO Doubles Down on AI Curing Most Diseases Within a Decade

30/08/2026

“Don’t Bet Against Me, We’re Gonna Win This Fight”

30/08/2026
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.