Bitcoin: Dormant Wallets Move $40M

Bitcoin wallets dormant for over a decade moved $40M this week, according to on-chain data reported by Decrypt.

Traders tracking long-term holder behavior note these transfers often precede volatility spikes in BTC price prediction models and can signal early distribution ahead of a potential crypto market crash phase.

Price action on the 4h chart shows BTC at $78500.35 inside Bollinger Bands with upper resistance at $80388.41. The EMA50 at $75183.72 acts as immediate support while the EMA200 at $68533.39 anchors the broader bullish structure. RSI at 56.49 remains neutral yet 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.