According to Mars Finance, 4E observations show that on-chain analyst James Check's latest data indicates that approximately 4.64 million Bitcoins (worth over $50 billion) have been transferred from dormant wallets this year, setting a historic high. The awakening of this wave of “sleeping whales” is seen as a significant driver of the recent BTC sideways movement, as the active selling pressure from long-term holders has weakened upward momentum. Analysts point out that although the funding situation remains robust, market confidence in the short term is becoming cautious, with a slight increase in inflows to exchanges, indicating that investors are adjusting their position structures. On the other hand, several major tokens are facing large unlocks this week. According to Tokenomist data, projects such as APT, LINEA, AVAX, CONX, and ARB have unlocked over $200 million worth of tokens in total. Among them, LINEA's single unlock accounts for over 16% of the circulating supply, becoming the focus of attention in this round. Institutions generally believe that the supply pressure this week may exacerbate the volatility of certain tokens in the short term, especially for projects with lower liquidity in the secondary market. Meanwhile, Digital Asset Treasury (DAT) is rapidly emerging as a new type of capital force. Since 2020, the number of DAT companies has increased from 4 to 142, with 76 new companies added this year alone, accumulating a total investment of $42.7 billion in encryption assets. Among them, Strategy remains the largest holder, accounting for about 50%. However, DAT company stocks generally saw a big pump (BitMine once soared over 3000%) after their initial listing, followed by a noticeable pullback, indicating that market sentiment is still primarily driven by short-term speculation. 4E comments: The “awakening tide” of Bitcoin reflects the asset restructuring and confidence reassessment of long-term holders; at the same time, the unlocking cycle and new capital forces will jointly shape the liquidity pattern and risk preference in the next stage.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
New Bitcoin ETF Launches After-Dark Strategy to Capture Overnight Market Surges
An after-dark bitcoin ETF is making a bold push to capture overnight gains, as XFUNDS by Nicholas Wealth deploys a high-stakes timing strategy in a fiercely competitive crypto investment arena.
Key Takeaways:
A new bitcoin ETF, NGHT, targets after-dark trading windows to isolate differentiated ov
Coinpedia12m ago
Bitcoin Depot Reports $3.7M BTC Theft in Cybersecurity Breach
Bitcoin Depot, a leading operator of crypto ATMs in the United States, disclosed a security breach that led to the theft of about 50.9 Bitcoin, valued at roughly $3.7 million at the time of reporting, after an attacker gained access to credentials tied to the company’s corporate Bitcoin
CryptoBreaking44m ago
NewsAlert: Trump Issues Iran Ultimatum – How BTC, ETH, And XRP is Reacting
Trump raised the temperature again with a fresh Iran deadline and warnings of overwhelming force. The rhetoric was extreme, and markets treated it as immediate macro risk.
To be precise, widely cited reports quote Trump saying Iran could be destroyed “in one night” if no deal is reached, not
LiveBTCNews57m ago
Yesterday, U.S. spot Bitcoin ETFs saw net inflows of $240.4 million, with net inflows for two consecutive days.
Gate News message, April 11, according to Farside monitoring, yesterday (April 10) U.S. spot Bitcoin ETFs saw net inflows of $240.4 million, achieving net inflows for two consecutive trading days.
GateNews1h ago
Bitcoin Holds Gains Above $72K As Options Data Reveals Cautious Sentiment
Bitcoin (BTC) is trading near the upper end of its recent range after the latest ceasefire headlines lifted risk appetite across global markets, but the mood beneath the surface is still cautious rather than euphoric. At the time of writing, BTC was around $72,266, after trading between $70,568
BlockChainReporter1h ago
Bitdeer for the week ending April 10 mined 165 BTC and sold all of it, maintaining a zero position
Gate News message, April 11, the Nasdaq-listed Bitcoin mining company Bitdeer released the latest Bitcoin holdings data. As of the week ending April 10, Bitdeer’s Bitcoin mining output was 165 BTC, and it sold 165 BTC in the same period, resulting in a net increase of 0 BTC; it still maintains a zero Bitcoin position.
GateNews1h ago
