Multiple dormant Bitcoin wallets reactivated recently, moving large amounts to exchanges. According to on-chain analysts, over $56 million worth of Bitcoin was deposited to Binance in a short period, signaling potential whale repositioning during a price recovery. Despite this inflow, broader exchange netflows remain negative, indicating continued accumulation by other investors as Bitcoin trades within a descending channel.
Dormant Bitcoin wallets have suddenly reactivated, with large holders sending 775 BTC to Binance as exchange inflows intensified. According to Lookonchain, an OG wallet transferred 500 BTC worth about $36.39 million after eight months of inactivity.
Another large holder deposited 275 BTC, raising the combined whale inflow to 775 BTC valued near $56.3 million within three hours. Such transfers typically signal liquidity preparation or strategic repositioning by early investors.
Bitcoin has climbed 6.29% in the past 24 hours and now trades near $72,392, reflecting strong buying interest. However, sudden movements from dormant wallets often reshape market expectations.
Bitcoin continues trading inside a broad descending channel that has controlled price direction since the late-2025 breakdown. The structure still governs the ongoing recovery attempt as price fluctuated near $72,600.
Buyers have defended the $68,500–$67,900 support region, preventing a deeper decline. Technical indicators now reflect early stabilization, with the 9-day moving average moving above the 21-day average.
Exchange flow data introduced an interesting contrast to the recent whale deposits. The BTC spot netflow stood near –$43.91 million, indicating that more Bitcoin left exchanges than entered.
Negative netflows often signal ongoing accumulation behavior among investors. However, the recent whale transfers into Binance introduce fresh liquidity, creating mixed signals across on-chain data.
Bitcoin’s Network Value to Transaction (NVT) ratio was near 20.94, reflecting a 15.57% decline over the recent period. A declining NVT typically signals increasing network usage relative to market valuation.
Such dynamics often appear during periods of structural consolidation. The falling NVT ratio suggests improving utility and strengthening fundamental demand across the network.
