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Bitcoin approaches critical $81,000 technical threshold amid dormant wallet activity
Bitcoin is experiencing significant market activity, characterized by both large-scale movements of long-dormant assets and technical indicators signaling a potential trend reversal. Six Bitcoin wallets that had been inactive since 2011-2014 recently moved a combined 553.59 BTC, valued at approximately $40.15 million. One such wallet, inactive for over 15 years, saw a massive increase in value relative to its original cost.
On the technical front, Galaxy Research identifies the 50-week simple moving average (SMA50), currently near $81,087, as a critical threshold. Historically, in 11 out of 13 bear markets, Bitcoin established its bottom before reclaiming this average. A weekly close above the $81,000–$82,000 range could signal the end of the current bear market.
Despite recent price fluctuations and a slight dip toward $78,458, investor sentiment has shifted toward 'extreme greed' with the Crypto Fear and Greed Index hitting 80. While Bitcoin has seen strong weekly growth, some analysts remain cautious, noting that a confirmed bull market may require sustained prices above $100,000 and clearer signals from the Federal Reserve regarding interest rate cuts.
Entities
BTSE · Bitcoin · Boerse Stuttgart Digital · Galaxy Research · Presto Research
Claims
What the coverage asserts, and how many sources carry each claim.
- [○ 1 SOURCE] As of August 26, 2026, Bitcoin was trading at approximately $78,458. thanhnien.vn
- [○ 1 SOURCE] Analysts suggest it is premature to declare a new bull market despite Bitcoin crossing $80,000. thanhnien.vn
- [○ 1 SOURCE] Six Bitcoin wallets dormant since 2011-2014 moved 553.59 BTC, valued at $40.15 million, between August 16 and August 26. phocapblockchain.net
- [○ 1 SOURCE] In 11 out of 13 completed bear markets, Bitcoin established its low before reclaiming the 50-week SMA. blogtienao.com
- [○ 1 SOURCE] The Crypto Fear and Greed Index reached a level of 80, indicating extreme greed. thanhnien.vn
- [○ 1 SOURCE] A true market rally may require Bitcoin to maintain a price of $100,000 for one month alongside Fed interest rate cut signals. thanhnien.vn
- [○ 1 SOURCE] The 50-week simple moving average (SMA50) for Bitcoin is approximately $81,087. blogtienao.com