Dormant Bitcoin Moved: 31,968 BTC Worth $3.7 Billion Transferred After 3-5 Years

• 31,968 Bitcoins that were dormant for 3 to 5 years were suddenly moved
• Historically, big transfers from Bitcoin wallets that have been inactive for a while have often preceded major price reversals, corrections, or the start of sustained bull runs
• Bitcoin pulled back from recent highs, dropping about 7.5% since its all-time record several days ago

A notable on-chain event happened today, when 31,968 Bitcoins that were dormant for 3 to 5 years were suddenly moved. With Bitcoin’s current price hovering at around $115.5k, this translates to roughly $3.7 billion. 

This is noteworthy because the reactivation of dormant Bitcoin wallets can serve as an early indicator of a market shift. Historically, big transfers from Bitcoin wallets that have been inactive for a while have often preceded major price reversals, corrections, or the start of sustained bull runs.

In other words, these transactions could indicate a period of accumulation by new buyers, which typically precedes a price rally. It might also signal distribution, suggesting caution from long-term holders ahead of a potential correction.

Even if some of the coins are sold privately to avoid affectin…

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