Dormant Wallet Reactivates, Institutional Signals Ignite Bitcoin Price Tension

A dormant wallet holding 16,400 BTC, worth over $1.04 billion, has reactivated after seven months of inactivity.

This comes at a critical time for Bitcoin, as it is currently trading below a key resistance level and the price structure remains relatively healthy.

Buyers are actively defending lower zones, limiting the extent of the correction, while the RSI on the daily chart sits in a neutral to slightly bullish zone.

The reactivation of the dormant wallet has historically preceded periods of heightened volatility, which could either propel BTC back toward its previous highs or lead to a fresh correction phase.