Decade-Dormant Bitcoin Wallets Stir Up $40M Storm

Bitcoin wallets that have been dormant for over a decade have recently started moving large sums of money, according to on-chain data reported by Decrypt. This week alone, $40M has been transferred between these long-dormant wallets. Traders tracking the behavior of long-term holders note that these transfers often precede volatility spikes in Bitcoin's price prediction models and can signal early distribution ahead of a potential crypto market crash phase.

The current price action on the 4h chart shows BTC at $78,500.35 inside Bollinger Bands with upper resistance at $80,388.41. The EMA50 at $75,183.72 acts as immediate support while the EMA200 at $68,533.39 anchors the broader bullish structure.

RSI at 56.49 remains neutral, but the MACD death cross at 935.86 warns of fading momentum, suggesting a healthy retracement toward the 50-EMA before any continuation higher. This setup carries implications for AI industry impact on institutional flows as macro funds reassess risk.