Bitcoin

when

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 <p><strong>Key Takeaways</strong></p>
 <ul>
  <li><p><strong>Dormant wallets awaken</strong> — old whales are spending more than 1,000 BTC per hour in 2025.</p></li>
  <li><p><strong>Massive whale transfer</strong> — 3,600 BTC moved, with a portion landing on Kraken.</p></li>
  <li><p><strong>Bearish chart setup</strong> — BTC risks another 10–12% correction if key support fails.</p></li>
 </ul>
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<p>Data across 2025 reveals that long-term holders have been moving or selling thousands of coins, reviving concerns that the market could be heading for another sharp pullback.</p>
<p>On-chain data shared by Charles Edwards of Capriole Investments paints a vivid picture: dormant wallets, some untouched for nearly a decade, are suddenly active again. These addresses have been offloading over 1,000 BTC per hour, with transaction bursts exceeding $100 million to $500 million. Edwards described the activity as “one of the most intense periods of old-coins distribution in Bitcoin’s history.”</p>
<p>Bitcoin now trades roughly 19% below its October peak of $126,000, and traders are divided over what’s driving the weakness. Some view it as routine cooling after a record-breaking run, while others see signs of a structural unwind fueled by early holders taking profits.</p>
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 <h5 class="text-uppercase border-bottom mb-3 pb-1 d-none d-md-block">READ MORE:</h5> <a href="https://coindoo.com/bitcoin-news-institutional-inflows-slow-as-long-term-holders-sell/" rel="noopener noreferrer nofollow">
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   <span> <img src="https://coindoo.com/wp-content/uploads/2025/10/bitcoin-btc-trade-405.jpg"> </span>
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   <h4 class="title mb-0">Bitcoin News: Institutional Inflows Slow as Long-Term Holders Sell</h4>
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<p>One notable case came when a whale, identified by <strong><a href="https://x.com/lookonchain/status/1987090631580406233?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1987090631580406233%7Ctwgr%5E45593db36edb5f1b5af5663fa1ef9130edc8c301%7Ctwcon%5Es1_&amp;ref_url=https%3A%2F%2Fcointelegraph.com%2Fnews%2Fbitcoin-og-whales-keep-cashing-out-threatening-btc-price-drop-90k" rel="noopener noreferrer nofollow">Lookonchain</a></strong> as “Owen Gunden,” moved 3,600 BTC (around $372 million) — including a 500 BTC transfer to Kraken — sparking speculation of a direct sell-off. Yet not everyone is convinced this wave of movements is purely bearish. Analyst Willy Woo argues that some of these transactions may reflect custody migrations, Taproot upgrades, or preparations for institutional storage rather than actual selling.</p>
<p>Technically, however, the charts don’t inspire confidence. Analysts note <strong><a href="https://coindoo.com/cryptocurrencies/bitcoin/" rel="noopener noreferrer nofollow">Bitcoin</a></strong> is forming a bear pennant, a setup that often precedes another drop. A break below $100,650 could trigger a slide toward $89,000–$90,000, unless the price manages to stay above the 50-week EMA near $101,000.</p>
<p style="text-align: center;"><em><strong>The information provided in this article is for educational purposes only and does not constitute financial, investment, or trading advice. Coindoo.com does not endorse or recommend any specific investment strategy or <a rel="noopener noreferrer nofollow">cryptocurrency</a>. Always conduct your own research and consult with a licensed financial advisor before making any investment decisions.</strong></em></p>
<p>The post <a href="https://coindoo.com/whale-activity-returns-old-coins-move-as-bitcoin-tests-key-support/" rel="noopener noreferrer nofollow">Whale Activity Returns: Old Coins Move as Bitcoin Tests Key Support</a> appeared first on <a href="https://coindoo.com" rel="noopener noreferrer nofollow">Coindoo</a>.</p>

Whale Activity Returns: Old Coins Move as Bitcoin Tests Key Support

Coindoo.com

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