Sleeping Bitcoin Giant Awakens—Dumps $26.37M in Market-Rattling Move

After years of hibernation, a Bitcoin whale just shook the crypto seas with a single $26.37 million transaction. Cue the panic—or the opportunists.

The Ripple Effect

When whales move, minnows notice. This sudden sell-off—or strategic reshuffle—has traders scrambling to decode the intent behind the move. Is it a loss of faith or just portfolio rebalancing? (Spoiler: Your guess is as good as any 'expert' on Crypto Twitter.)

Market Jitters or Business as Usual?

Bitcoin's price barely flinched—proving once again that even nine-figure moves can't always crack a market hardened by institutional players and leveraged degenerates. But don't tell the retail bagholders.

One cynic's take: If this were traditional finance, someone would've scheduled a TED Talk about 'strategic liquidity events' by now. In crypto? We just call it Tuesday.

• A dormant Bitcoin whale bought 250 BTC worth $26.37M, reentering after two years inactive.
• Bitcoin’s $100,800 neckline is key support; breaking it risks a drop to $91,000.
• BTC dipped below $101K causing $1B liquidations but quickly rebounded above $105K.

A long-inactive Bitcoin whale abruptly reentered the market, acquiring 250 BTC valued at $26.37 million, per Lookonchain data. This marks the whale’s first major move after a two-year dormancy, signaling renewed market engagement and stirring speculation about upcoming price shifts.

A whale that had been dormant for 2 years bought another 250 $BTC($26.37M) 9 hours ago.

2 years ago, this whale withdrew 500 $BTC($13.7M) from Gemini at $27,401, now sitting on an unrealized profit of $39M.https://t.co/c0U92isSfc pic.twitter.com/vcb4V3M0Uz

Previously, in 2022, the whale withdrew 500 BTC from Gemini when BTC traded NEAR $27,401, totaling $13.7 million then. With Bitcoin’s current price hovering around $105,000, the whale’s holdings now show an unrealized profit exceeding $39 million, highlighting significant gains from earlier investments.

Such substantial accumulation by early investors often acts as a bullish signal for the broader market. Whale movements typically precede major price changes, and large acquisitions can trigger optimistic sentiment and momentum for sustained upward trends.

The timing of this purchase is notable amid rising institutional interest and growing bitcoin ETF inflows. Whether this whale’s activity indicates a wider trend or remains isolated is uncertain, but market participants are watching closely for follow-up transactions or similar whale behavior.

Bitcoin Approaches Crucial $100,800 Neckline Support

BTC is currently forming an inverse cup-and-handle pattern with a neckline near $100,800 acting as critical support. The price has entered the handle formation phase, with potential downside risk if it breaks below this neckline, possibly pushing BTC toward the $91,000 level.

The $91,000 target aligns with BTC’s 200-day exponential moving average (EMA), a key technical indicator. Bitcoin’s relative strength index (RSI) has dropped alongside the price to 52, indicating weakening upside momentum a further fall below 50 could increase downward pressure.

To regain bullish control, BTC must reclaim the 20-day EMA resistance near $105,000. Failing to hold above $91,000 could reduce Bitcoin’s chances of reaching $150,000 by the end of 2025, according to technical projections.

Bitcoin Dips Below $101K Amid Liquidations

CryptoQuant’s data shows that the Hash Ribbons metric BTC so that they can survive hard times which leads to short-term price dips but in the long run, it usually precedes the substantial rallies since the weaker miners depart from the market.

Last week, the price of BTC was highly unstable and was factored by the conflicts between Elon Musk and Donald TRUMP in public. The value of BTC even went lower than $101,000 for a short time, which led to almost $1 billion in liquidations but it immediately went up to above $105,000, which reflected that there is high interest in the market to buy BTC.

Read More: Bitcoin price Analysis: Bitcoin’s Final Surge Still Ahead as Top Signal Remains Inactive