A dormant Bitcoin whale has withdrawn 171 BTC valued at $15.79 million from Binance after a year of inactivity, coinciding with Bitcoin’s 8.3% price rebound. This accumulation signals potential bullish momentum amid a bearish structure, possibly indicating the end of the downtrend if resistance breaks.
Whale Activity Surge: The wallet “34qy7UD” resurfaced, pulling out significant BTC as market sentiment improves.
Bitcoin’s price holds at $93,050 with minor gains, while open interest dips 0.70% to $60.19 billion, showing cautious trader participation.
Technical indicators reveal reclaimed $92,000 support but face descending trendline resistance; ADX at 37.27 suggests strong momentum potential.
Discover how a dormant Bitcoin whale’s $15.79M BTC withdrawal fuels accumulation hopes. Explore price trends, technicals, and liquidation risks for informed crypto insights—stay ahead in 2025’s market rebound.
What Does the Dormant Bitcoin Whale’s 171 BTC Withdrawal Mean for the Market?
A dormant Bitcoin whale withdrawing 171 BTC worth $15.79 million from Binance after a year of inactivity underscores growing accumulation amid the cryptocurrency’s recent rebound. This move, tracked by Onchain Lens, often precedes bullish shifts as large holders reduce exchange exposure to prepare for price appreciation. With Bitcoin up over 8.3% in two sessions to $93,050, such whale actions could amplify buying pressure and challenge the prevailing bearish structure.
How Is Bitcoin’s Price Responding to Recent Whale Accumulation?
Bitcoin’s price has stabilized around $93,050 following the whale’s withdrawal, marking a slight 0.05% increase in the last 24 hours per CoinMarketCap data. Trading volume fell 21% to $70.16 billion, indicating reduced market participation as traders await direction. The asset reclaimed its $92,000 support level lost on November 20, 2025, yet it grapples with a lower-high and lower-low pattern. Open interest on futures dropped 0.70% to $60.19 billion, as reported by CoinGlass, reflecting lower leverage and a sideways drift. Whale withdrawals like this typically signal confidence, but sustained buying is needed to break the descending trendline resistance for a bullish reversal.
The broader context shows Bitcoin testing key levels. The Average Directional Index (ADX) at 37.27 exceeds the 25 threshold, pointing to robust trend strength despite the 200-day Exponential Moving Average remaining above the price, which maintains a bearish overlay. If accumulation persists, experts suggest this could propel Bitcoin toward $100,000 by countering liquidation pressures.
Source: Trading View
Technical analysis on the daily chart highlights Bitcoin’s upward push testing a reversal-triggering trendline. Failure to breach this could lead to renewed declines, while success might end the bearish phase. As one blockchain analyst noted, “Whale moves like this often precede market pivots, but leverage risks remain high.”
Frequently Asked Questions
What Signals Does a Dormant Bitcoin Whale Withdrawing 171 BTC Send?
A dormant Bitcoin whale withdrawing 171 BTC valued at $15.79 million typically indicates accumulation, reducing sell-side pressure on exchanges. Tracked by Onchain Lens on X, this activity after a year’s dormancy aligns with Bitcoin’s 8.3% rebound, suggesting large investors anticipate further gains and could drive prices higher if replicated by others.
Is Bitcoin’s Bearish Trend Ending Due to Whale Accumulation?
Bitcoin’s bearish structure of lower highs and lows persists, but the whale’s withdrawal and price rebound to $93,050 offer hope. Breaking the descending trendline could shift to bullish territory, ending the downtrend. With ADX at 37.27 signaling strong momentum, voice searches for trend reversals should monitor support at $92,000 for confirmation.
Key Takeaways
- Whale Resurgence Boosts Sentiment: The “34qy7UD” wallet’s 171 BTC pullout from Binance highlights accumulation amid recovery, potentially adding upward pressure.
- Technical Hurdles Remain: Reclaimed $92,000 support faces descending trendline resistance; ADX above 25 indicates momentum buildup but bearish EMAs caution restraint.
- Liquidation Risks Loom: Key levels at $91,138 and $94,490 hold $1.25 billion in leveraged positions— a breakout here could trigger cascades favoring bulls or bears.
Source: CoinGlass
Conclusion
The resurgence of a dormant Bitcoin whale with a 171 BTC withdrawal amid improving sentiment points to accumulation that could challenge the bearish trendline and propel prices toward $100,000. While open interest and volume dips signal caution, strong ADX momentum and reclaimed support offer bullish potential. As 2025 unfolds, investors should watch whale flows and liquidation levels closely for the next market pivot—consider diversifying holdings to navigate volatility effectively.