Dormant Bitcoin Wallets Stir After Years of Silence—Here’s Why It Matters

Long-forgotten Bitcoin wallets are suddenly active again, moving millions in untouched coins. Are early adopters cashing out—or is this a bullish signal?

Subheader: The Sleeping Giants Awaken

Wallets inactive for a decade are now making waves, sparking debates among traders and analysts. Some see it as profit-taking; others suspect strategic accumulation ahead of the next cycle.

Subheader: Wall Street’s Favorite Nightmare

While traditional finance scrambles to explain the movement, Bitcoin keeps doing what it does best: defying expectations—and occasionally ruining hedge fund short positions.

Closing Thought: Whether it’s fear or greed driving the activity, one thing’s clear—the crypto old guard still holds the keys to the kingdom. Literally.

In brief

• Longtime bitcoin holders have resumed their movements, with over 4 billion dollars spent since February.
• This resurgence could indicate profit-taking at record levels or anticipation of a market reversal.
• While predictions are soaring, it is the measured decisions of historical investors that truly guide the current dynamics.

The Awakening of Dormant Wallets: A Signal to Decode

Glassnode’s analysis highlights a real resurgence of activity from wallets inactive for 3 to 5 years. These investors, often considered strong hands, had so far preferred waiting over action. However, they are now liquidating massively: nearly 2.16 billion dollars in BTC have been spent by this group.

Why now? Is it a loss of confidence or simply arbitrage in the face of historically high prices? Some see it as a bearish signal, others as a mere changing of the guard. But what is certain is that the timing is no coincidence. bitcoin cycles often reveal their truth through these discreet movements.

Wallets of an intermediate age (1 to 3 years) are also part of this wave: 1.41 billion dollars for the 2-3 year bracket, 450 million for the 1-2 year bracket. In total, this constitutes the fifth largest capital outflow of this cycle, reminiscent of the panic (or strategy?) of March 2023.

The Rumor of a Million per Bitcoin and the Reality of the Present

As these massive flows stir market memory, some continue to dream big. Samson Mow claims that bitcoin could rise to 10 million dollars, but widespread ignorance is holding back its takeoff.

For him, the combo of spot ETFs + halving could trigger an “Omega candle“, a catalyst for a quantum leap toward the million-dollar mark. But this theory has yet to materialize… for now.

Others, like Robert Kiyosaki, play the fear card: an economic crisis WOULD trigger a flight to safe havens, with bitcoin leading the list. In this scenario, the million is not a hypothesis, but an inevitable destination.

However, beyond predictions, the present reminds us that bitcoin remains vulnerable to political cycles. The 2024 surge, propelled by Donald Trump’s arrival and the creation of a national bitcoin reserve, shows that institutional confidence weighs more than prophetic speeches.

What to Prepare for Next?

The comeback of old holders is a FORM of silent vote. Is it a disengagement or simply a capital rotation toward more dynamic assets? The timing, just after a new historic peak at 111,000 dollars, is striking. These massive sales could also reveal a desire to take profits before a new phase of regulation or a major correction.

In any case, these movements require a shift in perspective for analysts and investors. The era of “HODL at all costs” seems to be giving way to a more nuanced strategy, where both old and new players watch for the same thing: the right moment.

Thus, while prophets speak of a million or chaos, the wallets act. With Donald TRUMP now backing the Bitcoin Act, all scenarios become imaginable.

Maximize your Cointribune experience with our "Read to Earn" program! For every article you read, earn points and access exclusive rewards. Sign up now and start earning benefits.