TL;DR:
In the crypto ecosystem, it was detected that several dormant Bitcoin whales have awakened to move massive volumes of capital. Recent data from Lookonchain reveals that, after eight months of silence, an “OG” wallet transferred 500 BTC worth $36.39 million.
This operation was joined by another wallet that deposited 275 BTC, completing an inflow of $56.3 million into Binance in just three hours. These reactivations are generally interpreted as a strategic move to gain liquidity or execute sales following the recent price recovery.
Despite this flow toward exchanges, the pioneer cryptocurrency shows remarkable resilience by trading above $72,300. Nevertheless, the appearance of these ancient coins usually reshapes investor expectations during technical rebound phases.
Technically speaking, Bitcoin continues to operate within its descending channel, which has dominated the price structure since 2025. Buyers successfully defended the support between $68,500 and $67,900, allowing for a stabilization of short-term indicators.
On the other hand, network data presents an interesting divergence from whale activity. The exchange net flow is negative by $43.91 million, indicating that, in general, users prefer to withdraw their assets into cold storage.
Additionally, Bitcoin’s NVT ratio dropped 15.57%, reflecting an increase in network usage relative to its market capitalization. This growth in transaction volume suggests that the asset’s fundamental utility is strengthening while the price seeks to break the $78,839 resistance.
