Bitcoin’s Dormant Coins Stir: Could $95K Be on the Horizon?

Over 62,800 Bitcoin have moved on-chain in the past year, a 121% increase year over year, signaling strategic shifts by long-term holders. This activity suggests a possible shift in market strategy due to macroeconomic uncertainties or renewed bullish confidence. 84.44% of Bitcoin addresses are currently profitable, indicating reduced sell pressure and confidence among holders. Meanwhile, the market structure shows a rise in large player activity. Large transfers have surged while smaller transactions have declined. This signals larger players entering the market while others withdraw. Technical indicators also support this bullish outlook: Bitcoin is hovering near its upper Bollinger Band at $93,549, a level that often triggers breakout behavior when supported by volume. The recent bullish crossover of MACD adds further momentum. In-house BTC flows have risen, with 333.4K BTC moving within internal exchange wallets. This suggests institutions are preparing for increased market activity and liquidity shifts. Based on these trends, Bitcoin seems poised to reclaim the $95,000 mark. The combination of dormant holder reactivation, large player activity, and bullish technical signals creates a compelling case for an imminent breakout. If the price crosses $93,000 with conviction, a swift ascent toward $95,000 is likely.