Bitcoin is trading at a critical level after several days of tight consolidation between $115,000 and $110,000. The price action reflects a tense standoff, with bulls working to regain ground while mounting selling pressure keeps gains in 0 the cautious mood, momentum appears to be leaning bullish, as buyers continue to defend key support zones and prepare for the next decisive 1 Reading: Ethereum Network Activity Heats Up As Fees Hit $1.4M In 24H Adding weight to this outlook, top analyst Maartunn shared new insights showing that dormant Bitcoin coins are beginning to move 2 activity suggests that long-term holders, who typically sit through volatility, are repositioning themselves, marking a significant shift in market dynamics.
Importantly, these flows also align with the broader trend of capital rotation between Bitcoin and Ethereum, a pattern that has gained traction throughout this 3 behavior is often seen at key inflection points, where profit-taking and reallocations set the stage for the next phase of the 4 Bitcoin, the movement of dormant supply could indicate growing conviction that liquidity will continue to fuel 5 BTC hovers within this narrow range, the interplay between long-term holders and shifting capital flows may decide whether the breakout resolves 6 Supply Awakens: What It Means for the Market According to analyst Maartunn, a remarkable 604,549 BTC aged between three and five years have moved onchain since March 9, 7 is not just a minor adjustment—it represents one of the largest shifts in long-term holder behavior in recent 8 coins of this age bracket typically belong to holders who have sat through multiple cycles, signaling deep conviction in Bitcoin’s long-term 9 these coins move, the market pays close 10 reasons behind this sudden activity are still 11 analysts argue this is clear profit-taking 12 holding for several years, these investors may see the recent rally toward $115,000 as an opportune moment to secure 13 holders, sometimes referred to as whales, are known to time exits strategically, often around cycle peaks or when volatility 14 activity could explain some of the selling pressure observed in recent weeks.
Others, however, interpret these moves 15 than a sign of weakness, they see it as capital rotation—a reallocation from Bitcoin into Ethereum and select 16 aligns with the broader trend of diversification as institutions and high-net-worth investors explore opportunities outside 17 Ethereum’s strong fee generation and rising adoption across DeFi and layer-2 ecosystems, such shifts could represent strategic positioning for the next growth 18 of the motive, the data confirms that long-term holders are actively reshaping the market 19 this results in temporary selling pressure or sparks a new phase of capital distribution across the crypto sector, one thing is clear: Bitcoin’s dormant supply is no longer idle, and its reawakening marks a critical development for this 20 Reading: Bitcoin Futures Pressure Score Hits 18%: Shorts Are Losing Momentum Price Consolidates Below Key Resistance Bitcoin is currently trading around $113,897, showing signs of recovery after bouncing from lows near $110,000 earlier this 21 daily chart highlights a constructive rebound, with BTC now testing key resistance 22 50-day SMA at $114,587 sits just above the current price, acting as the first major hurdle for bulls to clear.
A decisive break above this level could open the door toward $116,000 and eventually retest the cycle high at $123,217, marked as the major resistance 23 the downside, the 100-day SMA at $112,204 is providing short-term support, while the 200-day SMA at $102,077 remains a crucial long-term 24 long as BTC holds above $112,000, the bias leans toward continuation higher, with buyers steadily regaining 25 Reading: Bitcoin CDD Indicator Signals LTH Distribution As Demand Offsets Pressure The structure suggests that Bitcoin is building momentum for another push, though overhead resistance remains 26 bulls fail to reclaim the 50-day SMA convincingly, price could slip back into the $112,000–$110,000 range, keeping consolidation in 27 current levels and breaking above the short-term moving averages would strengthen the bullish case, while rejection could prolong the sideways chop before any larger breakout 28 image from Dall-E, chart from TradingView
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