Bitcoin has once again captured market attention with a rare on-chain event: tens of thousands of coins that had been dormant for over seven years have suddenly moved. This unusual activity, combined with growing whale involvement and favorable technical indicators, is fueling speculation that Bitcoin could soon break above the $95,000 threshold.

Historic Dormant Bitcoin Movement Raises Eyebrows

In the first quarter of 2025, over 62,800 Bitcoin, untouched since at least 2018, were moved on-chain. This represents a 121% increase compared to the same period last year and significantly, these movements do not include any funds associated with the Mt. Gox trustee wallets. The absence of any known forced or legal triggers suggests that this is organic behavior by long-term holders—often seen as the most strategic players in the crypto space.

Such holders rarely act without a clear motive. Their decision to move assets after such a long dormancy may indicate a major strategic shift—either preparation for profit-taking, or renewed conviction that higher prices are around the corner. Historically, similar activity has preceded periods of heightened volatility, often accompanied by price surges.

Institutional Transfers and Whale Activity Suggest Strong Market Positioning

Adding to the bullish sentiment, blockchain analytics show a sharp increase in large-value Bitcoin transfers. According to IntoTheBlock, transactions between $1 million and $10 million rose by over 49%, while transfers above $10 million jumped by 38% in recent weeks. In contrast, smaller retail-level transactions declined, suggesting that institutional players and high-net-worth individuals are increasingly dominating the market.

This trend, paired with the fact that over 84% of all Bitcoin addresses are currently in profit, creates a strong foundation for bullish momentum. When the majority of holders are profitable, there’s typically less sell pressure, as traders are more inclined to hold their positions. The market appears to be stabilizing with deeper pockets taking charge—an environment that often precedes major upward moves.

Liquidation Map Signals Potential Breakout Zone

A glance at the Bitcoin liquidation heatmap offers further insight into what could happen next. The most densely packed cluster of long liquidations currently lies between $93,000 and $95,000—a zone BTC is now approaching. Bitcoin is trading just under this range, hovering near $91,900 at press time.

This concentration of leveraged long positions acts as a pressure point. If Bitcoin decisively breaks above $93K, it could trigger a wave of liquidations that would rapidly force prices upward in a short squeeze-style rally. With limited downside liquidity showing beneath current prices, bears have fewer opportunities to exert pressure. The stage is potentially set for a swift breakout, provided the bulls can push through.

Technical Indicators Align with Bullish Setup

Technically, the indicators are also pointing in Bitcoin’s favor. Despite a modest 2.5% dip in the past 24 hours, BTC remains near the upper edge of its Bollinger Bands—a level often associated with breakout potential when backed by volume. Furthermore, the MACD recently formed a bullish crossover, indicating growing buying momentum.

These technical patterns, paired with widening volatility bands, suggest that Bitcoin could be gearing up for its next leg higher. If bulls can hold key levels and build on the momentum, the probability of reaching the $95K resistance becomes significantly higher.

Subtle Exchange Behavior Reflects Strategic Positioning

Exchange wallet behavior has also begun to shift in subtle but telling ways. Internal exchange flows have risen by around 2.24%, with more than 333,000 BTC moving within internal wallets. While this might seem minor, such movement typically reflects behind-the-scenes liquidity adjustments in preparation for increased demand or expected volatility.

This behind-the-curtain reshuffling often hints at institutional or custodial readiness for market swings. When viewed alongside the other bullish indicators, it adds another layer of confidence to the breakout thesis.

Conclusion: Bitcoin Bulls Prepare for the Next Big Move

Bitcoin appears to be on the verge of a significant move. Dormant coins waking up after years, massive institutional flows, and a favorable technical and liquidity setup are all converging at once. The $93K–$95K zone remains critical, and if broken with strong momentum, it could ignite the next major rally. All eyes are now on whether Bitcoin can convert this setup into a decisive surge that takes it into uncharted territory once again.