Dormant Bitcoin Wallets Awaken: $4B in BTC Moves After Years of Inactivity

In a significant development for the Bitcoin market, long-term holders have begun moving over $4 billion worth of BTC from wallets that had been inactive for 3-5 years. According to Glassnode data, this movement has been observed since February, coinciding with Bitcoin’s record price levels. Historically, these ’strong hands’ are known for their resilience against selling, making this sudden liquidity event particularly noteworthy. Market analysts speculate that the movements could indicate either profit-taking at local tops or strategic repositioning by seasoned investors. As of now, the BTC price stands at 107,734.74 USDT, adding another layer of intrigue to these developments.

Dormant Bitcoin Wallets Awaken as $4B in BTC Moves After Years of Inactivity

Bitcoin’s long-term holders are stirring. Over $4 billion in dormant BTC—from wallets inactive for 3-5 years—has moved since February, according to Glassnode data. These ’strong hands’ historically resist selling, making the sudden liquidity event noteworthy amid record price levels.

The movements suggest either profit-taking at local tops or strategic repositioning. Market veterans interpret the activity as a potential inflection point—whether as a bearish distribution signal or a natural reshuffling of ownership during bullish momentum.

Notably, $2.16 billion of the spent BTC came specifically from the 3-5 year inactive cohort. Such movements often precede volatility, though their ultimate market impact depends on whether coins are being redistributed to new long-term holders or liquidated on exchanges.

Peter Schiff’s Contrarian Stance at Bitcoin 2025 Highlights Bitcoin’s Unstoppable Momentum

The Bitcoin 2025 conference, held at the Venetian Convention Center in Las Vegas, became a stage for Bitcoin’s growing dominance in global finance. Despite his long-standing skepticism, gold advocate Peter Schiff’s presence underscored Bitcoin’s irresistible pull—even for its most vocal critics. "I told people not to buy Bitcoin—they bought more," Schiff remarked, unwittingly fueling the very momentum he sought to critique.

Senator Cynthia Lummis, Vice President JD Vance, and Michael Saylor headlined the event, framing bitcoin as a geopolitical and institutional force. The conference dissected Bitcoin’s role in monetary policy, with Vance’s pro-BTC stance clashing with Schiff’s gold-centric narrative. Three days of panels revealed a stark divide: Bitcoin is no longer a fringe asset but a cornerstone of modern finance.

Schiff’s contrarian theatrics—a lone voice in a sea of BTC maximalists—only solidified the consensus: Bitcoin has transcended ridicule. When critics become reluctant participants, the market speaks louder than rhetoric.

Bitcoin Price Pulls Back as Analysts Tout $1M–$2.4M Potential

Bitcoin’s price retreated from its all-time high of $112,965 to $108,645 as investors locked in profits following a 50% surge from April lows. Despite the pullback, Optimism remains undiminished among industry leaders.

Adam Back, Blockstream founder and early Bitcoin pioneer cited in Satoshi’s whitepaper, projects a $1 million valuation within five years—an 825% gain from current levels. Such a move WOULD imply a $21 trillion fully diluted market cap for the cryptocurrency.

Institutional demand continues to fuel bullish forecasts. Ark Invest sees $2.4 million by 2030, while BlackRock estimates a $700,000 peak. Michael Saylor’s $100 trillion market cap prediction underscores the growing mainstream acceptance of digital assets.

The $45 billion cumulative inflows into spot Bitcoin ETFs, including BlackRock’s $71 billion iShares product, demonstrate deepening institutional participation. Supply dynamics remain favorable as adoption accelerates across traditional finance.

Bitcoin Proof-of-Reserve Debate Intensifies as Experts Weigh In

Michael Saylor, co-founder and Chairman of Strategy, has sparked a contentious debate within the crypto community by opposing institutional proof-of-reserve disclosures. Speaking at the Bitcoin 2025 Conference in Las Vegas, Saylor argued that revealing reserve data exposes companies to security risks and provides an incomplete financial picture.

"It dilutes the security of issuers, custodians, exchanges, and investors," Saylor stated, citing FTX and Mt.Gox as cautionary examples. His firm’s on-chain Bitcoin disclosures, he noted, omit critical context like debt obligations—potentially misleading investors.

Bitcoin’s Open Interest Hits Record High As Traders Eye Big Moves Ahead

Bitcoin’s price has once again seized global attention as open interest in its options market skyrockets to an unprecedented $46.2 billion—a staggering 126% surge since January. The milestone reflects intensifying speculation, with traders positioning for volatility NEAR the $110,000 threshold despite Bitcoin’s current dip to $108,567.

Glassnode data reveals a dramatic doubling of open interest from early 2025’s $20 billion baseline, signaling sophisticated market participation. The trend underscores growing demand for advanced hedging strategies, outpacing futures activity. Bullish and bearish forces alike are amplifying bets on Bitcoin’s next directional break.