Dormant Bitcoin Awakens: Is a Massive Market Shift on the Horizon?

Jakarta, Pintu News – According to an on-chain analyst, previously dormant Bitcoin movements increased by 121% in the first quarter of 2025 compared to the first quarter of 2024.

This change could be a sign that long-term investors are starting to respond to broader economic trends or are anticipating market changes.

Dormant Bitcoin Wallet Starts Moving: What’s Driving This Trend?

In a recent post on CryptoQuant, an analyst revealed that investors moved around 28,000 previously dormant Bitcoins during the first quarter of 2024.

Read also: Bitcoin Surges to $94,000, Satoshi Nakamoto’s Wealth Reaches $100 Billion!

The month of March took center stage, with approximately 19,296 BTC changing hands. This figure is much higher compared to January (around 3,034 BTC) and February (around 5,678 BTC).

“In the first three months of 2025, the amount of old Bitcoin moved more than doubled compared to the same period in 2024,” the post reads.

When compared to the first quarter of 2025, the amount of Bitcoin that was moved was much larger. More than 62,000 BTC that had been dormant for more than seven years were finally moved.

In detail, investors moved 24,595 BTC in January, 21,820 BTC in February, and 16,456 BTC in March.

Analyst: Spike in Bitcoin Activity Reflects Change in Long-Term Holder Sentiment

The analyst mentioned that this surge in activity reflects a change in sentiment among long-term Bitcoin holders. This shift may be driven by macroeconomic factors, changing price expectations, or liquidity needs from institutions.

The year 2025 itself proved to be a tumultuous one for Bitcoin. Geopolitical changes, rising trade tensions, and growing economic concerns have had a significant impact on the market.

Recently, Glassnode revealed that Bitcoin experienced the deepest drawdown in the current cycle. In their weekly newsletter, they emphasized that investors are facing immense pressure.

Many of them are even experiencing the largestunrealized loss in their investment history.

“The current unrealized losses are mostly experienced by new investors, while long-term holders are still in an overall profit position. However, there is an important nuance that is starting to emerge: as investors who bought at the peak age, they are starting to fall into the long-term holder category. As such, the level of unrealized losses in this group is likely to increase,” the newsletter states.

Even so, Glassnode notes that this drop in BTC price is still within the range of normal corrections that are common in bull markets. Interestingly, Bitcoin is also showing a recovery.

In the past week, its value has risen by 8.9%. However, there was a daily decline of 2.2%. As of April 24, 2025, BTC was trading at $92,164. This decline is also not an isolated case, as the crypto market in general is also experiencing a correction.

Read also: Metaplanet Buys 145 More Bitcoins, Now Its Total Holdings Reach 5,000 BTC!

Not Only Bitcoin, Ethereum’s Long-Dormant Assets Also Start to Move

Meanwhile, the increased movement of previously inactive assets is not unique to Bitcoin. A similar trend is also starting to be seen in the Ethereum market.

Data from Lookonchain shows that in early February, a whale (large investor) moved his entire Ethereum holding of 77,736 ETH to Bitfinex after six years of inactivity.

Then in early April, the Onchain Lens account reported the movement of another whale that had been dormant for eight years, moving 11,104 ETH worth approximately $19.97 million.

“Of this amount, 247.93 ETH was sent to Coinbase and 10,856 ETH to new wallets. This whale previously withdrew $2.51 million worth of ETH from Kraken and Gemini, eight years ago,” Onchain Lens added.

This asset movement reflects investors’ repositioning strategy amid global economic uncertainty.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• BeInCrypto. Dormant Bitcoin Movement Signals Shift in Investor Behavior. Accessed on April 25, 2025