Key Points
- Bitcoin’s dormant supply has surged by 121% YoY, with over 62,800 BTC moving on-chain.
- Profitability and increased activity from large players indicate a stable market structure primed for expansion.
The performance of Bitcoin in Q1 2025 has been impressive, with a significant amount of dormant Bitcoin, over 62,800 BTC, suddenly moving on-chain after seven years.
This is a 121% increase YoY, pointing towards strategic repositioning by long-term holders.
Such activity often indicates a shift in strategy, possibly due to macro uncertainties or renewed bullish conviction.
Market Strength and Whale Activity
The current market structure of Bitcoin is characterized by broad profitability and increasing whale activity.
As per IntoTheBlock, 84.44% of Bitcoin addresses are in profit, which reduces sell pressure and reflects holder confidence.
Simultaneously, there has been a decline in Retail-sized Transactions (under $1,000), while transfers between $1M–$10M have jumped 49.29%, and those over $10M have increased by 38.46%.
This indicates that larger players are entering the market, while smaller ones are stepping back.
Bitcoin Technical Indicators
Despite a slight dip of 2.58% in the last 24 hours, technical indicators continue to support a bullish scenario for Bitcoin.
Bitcoin is currently hovering near the upper Bollinger Band at $93,549, a level that often acts as a trigger for breakout behavior when supported by volume.
Furthermore, the MACD indicator recently completed a bullish crossover, signaling building momentum.
Subtle changes in exchange behavior also hint at positioning for volatility.
In-house BTC flows have risen 2.24%, with 333.4K BTC moving within Internal Exchange Wallets, which often precedes major shifts in market structure.
Typically, exchanges reposition liquidity in anticipation of demand surges or volatility spikes.
This uptick aligns with other bullish signals, suggesting that institutions and custodians are preparing for increased market activity.
In conclusion, Bitcoin appears to be preparing for a reclaim of the $95,000 mark.
Dormant holders are reactivating, large players are transacting heavily, and the technical environment continues to lean bullish.
With leverage clustered above and institutional behavior signaling preparation, the conditions are aligning for a breakout. If $93K is breached with conviction, the path toward $95K will likely be swift and forceful.
