Record 270K+ Dormant Bitcoin Movements Spur Market Watch
Data from CryptoQuant shows over 270,000 dormant Bitcoin with seven-plus years of inactivity moved on-chain in 2025, surpassing 2024’s 255,000 and 2023’s 59,000. On-chain analytics reveal this record dormant Bitcoin movement reflects early adopters taking profits, miners repositioning reserves into new cold wallets, and partial liquidations amid prices breaching $100,000 and peaking at $120,000 in July. The long-term holder Spent Output Profit Ratio (SOPR) peaked at 4.08 before easing to 1.7 in October, signaling diminishing profit margins. Lookonchain spotted a 14-year-dormant miner wallet moving 150 BTC, while wallets dormant over a decade shifted 400 BTC in September and 20,000 BTC in July to exchanges and custodians like Galaxy Digital. Bitcoin has gained 2.1% in the last day, trading around $111,200. Traders should monitor if over 300,000 dormant coins move by year-end and how renewed liquidity may impact price volatility and market trends.
Neutral
While record dormant Bitcoin movements add potential supply that could pressure prices, historical cycles in 2017 and 2021 saw similar activations without triggering sharp downturns. On-chain metrics like SOPR indicate diminishing profit margins, suggesting reduced selling intensity. The mixed signals—a temporary price uptick to $120K followed by modest daily gains—point to balanced market dynamics. Traders should watch how renewed liquidity influences both short-term volatility and long-term stability, but the overall impact on Bitcoin’s price is expected to remain neutral.