NewsBTC

11 September 2025

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Dormant Bitcoin Supply Sees Movement as 604,549 BTC Transferred Onchain

Bitcoin is currently trading in a tight range between $115,000 and $110,000, reflecting a standoff between buyers and sellers. Momentum appears bullish as buyers defend key support levels.

Key points include:

• Analyst Maartunn reports movement of 604,549 BTC aged 3-5 years since March 9, indicating long-term holders are shifting their positions.
• This behavior could suggest profit-taking or capital rotation from Bitcoin to Ethereum and other altcoins.
• Bitcoin's current price is around $113,897, recovering from earlier lows near $110,000.
• The 50-day SMA at $114,587 serves as immediate resistance; a break above could target $116,000 and $123,217.
• Support is found at the 100-day SMA at $112,204; holding above this level favors bullish continuation.

Overall, the movement of dormant supply signals potential shifts in market dynamics, while current price structure suggests Bitcoin is preparing for another upward push amid significant resistance.