Bitcoin markets opened the week with a mix of on-chain surprises and technical warnings. Dormant Casascius holdings worth tens of millions of dollars moved for the first time in more than 13 years, while two analysts split over whether the latest price action marks the start of a bear market or a make-or-break test of support near 90,000 dollars.Dormant Casascius Coins Move After More Than 13 YearsTwo large batches of Bitcoin linked to Casascius physical coins have moved on-chain after sitting dormant for more than 13 years, according to alerts from TimechainBot. The bot reported that transactions of about 1,000.00287192 BTC and 1,000 BTC were broadcast in consecutive blocks 926,566 and 926,567, ending a long period of inactivity for the addresses.Dormant Casascius BTC Transactions Alert. Source: TimechainBot / TimechainIndexCasascius coins are physical tokens created in Bitcoin’s early years, each loaded with a fixed amount of BTC and protected by a hidden private key under a tamper-evident hologram. When holders peel the hologram and sweep the key, the underlying coins can be spent on the blockchain. In this case, the movements suggest that owners of high-value Casascius holdings have decided to redeem or relocate the funds.Each 1,000-BTC tranche would be worth tens of millions of dollars at current market prices, placing the transfers among the larger coin awakenings seen this year. On-chain analysts are now tracking the destination of the funds to see whether they move to exchanges, custodial services, or new long-term storage addresses.Analyst Flags Possible Bitcoin Bear Market SignalTitan of Crypto says Bitcoin may have entered a bear market in the first week of November, based on a divergence between BTC price action and USDT dominance. In his chart, Bitcoin’s weekly trend line slopes upward while USDT’s share of the crypto market begins to turn higher from a falling line, echoing a similar pattern that appeared before the 2021 cycle peak.Bitcoin vs USDT Dominance Divergence Source: Titan of Crypto / TradingViewAccording to the analyst, this combination of a rising stablecoin dominance and an extended Bitcoin advance has previously marked exhaustion in bullish trends. He argues that the recent move could signal a shift from risk-on positioning into stablecoins as traders take profit and reduce exposure. However, confirmation would still depend on how Bitcoin behaves around key support levels in the coming weeks.Analyst Says Bitcoin Must Reclaim 90,000 Dollars After BounceMeanwhile, Bitcoin bounced after retesting support near the 88,000-dollar area, but trader Ted Pillows says the move remains fragile while price trades under 90,000 dollars. He views 90,000 dollars as a short-term pivot: a clean break and daily close above that level would confirm that buyers have regained control and open room toward the next resistance band around the low-90,000s. The chart shows stacked supply zones above, with heavier resistance sitting closer to 98,000–102,000 dollars.Bitcoin Support And Resistance Levels. Source: Ted Pillows / TradingViewHowever, Ted warns that rejection below 90,000 dollars would keep Bitcoin locked in a tight range and likely send it back to the 87,000–88,000-dollar support. A clear loss of that floor could expose deeper demand areas in the low-80,000s, where an earlier consolidation zone appears on the chart. For now, the structure leaves BTC at an inflection point, with traders watching whether price can flip 90,000 dollars from resistance into support.Bitcoin markets opened the week with a mix of on-chain surprises and technical warnings. Dormant Casascius holdings worth tens of millions of dollars moved for the first time in more than 13 years, while two analysts split over whether the latest price action marks the start of a bear market or a make-or-break test of support near 90,000 dollars.Dormant Casascius Coins Move After More Than 13 YearsTwo large batches of Bitcoin linked to Casascius physical coins have moved on-chain after sitting dormant for more than 13 years, according to alerts from TimechainBot. The bot reported that transactions of about 1,000.00287192 BTC and 1,000 BTC were broadcast in consecutive blocks 926,566 and 926,567, ending a long period of inactivity for the addresses.Dormant Casascius BTC Transactions Alert. Source: TimechainBot / TimechainIndexCasascius coins are physical tokens created in Bitcoin’s early years, each loaded with a fixed amount of BTC and protected by a hidden private key under a tamper-evident hologram. When holders peel the hologram and sweep the key, the underlying coins can be spent on the blockchain. In this case, the movements suggest that owners of high-value Casascius holdings have decided to redeem or relocate the funds.Each 1,000-BTC tranche would be worth tens of millions of dollars at current market prices, placing the transfers among the larger coin awakenings seen this year. On-chain analysts are now tracking the destination of the funds to see whether they move to exchanges, custodial services, or new long-term storage addresses.Analyst Flags Possible Bitcoin Bear Market SignalTitan of Crypto says Bitcoin may have entered a bear market in the first week of November, based on a divergence between BTC price action and USDT dominance. In his chart, Bitcoin’s weekly trend line slopes upward while USDT’s share of the crypto market begins to turn higher from a falling line, echoing a similar pattern that appeared before the 2021 cycle peak.Bitcoin vs USDT Dominance Divergence Source: Titan of Crypto / TradingViewAccording to the analyst, this combination of a rising stablecoin dominance and an extended Bitcoin advance has previously marked exhaustion in bullish trends. He argues that the recent move could signal a shift from risk-on positioning into stablecoins as traders take profit and reduce exposure. However, confirmation would still depend on how Bitcoin behaves around key support levels in the coming weeks.Analyst Says Bitcoin Must Reclaim 90,000 Dollars After BounceMeanwhile, Bitcoin bounced after retesting support near the 88,000-dollar area, but trader Ted Pillows says the move remains fragile while price trades under 90,000 dollars. He views 90,000 dollars as a short-term pivot: a clean break and daily close above that level would confirm that buyers have regained control and open room toward the next resistance band around the low-90,000s. The chart shows stacked supply zones above, with heavier resistance sitting closer to 98,000–102,000 dollars.Bitcoin Support And Resistance Levels. Source: Ted Pillows / TradingViewHowever, Ted warns that rejection below 90,000 dollars would keep Bitcoin locked in a tight range and likely send it back to the 87,000–88,000-dollar support. A clear loss of that floor could expose deeper demand areas in the low-80,000s, where an earlier consolidation zone appears on the chart. For now, the structure leaves BTC at an inflection point, with traders watching whether price can flip 90,000 dollars from resistance into support.
Old Bitcoin Wallets Wake Up After 13 Years as Analysts Clash Over 90K
Bitcoin markets opened the week with a mix of on-chain surprises and technical warnings. Dormant Casascius holdings worth tens of millions of dollars moved for the first time in more than 13 years, while two analysts split over whether the latest price action marks the start of a bear market or a make-or-break test of support near 90,000 dollars.
Dormant Casascius Coins Move After More Than 13 Years
Two large batches of Bitcoin linked to Casascius physical coins have moved on-chain after sitting dormant for more than 13 years, according to alerts from TimechainBot. The bot reported that transactions of about 1,000.00287192 BTC and 1,000 BTC were broadcast in consecutive blocks 926,566 and 926,567, ending a long period of inactivity for the addresses.
Dormant Casascius BTC Transactions Alert. Source: TimechainBot / TimechainIndex
Casascius coins are physical tokens created in Bitcoin’s early years, each loaded with a fixed amount of BTC and protected by a hidden private key under a tamper-evident hologram. When holders peel the hologram and sweep the key, the underlying coins can be spent on the blockchain. In this case, the movements suggest that owners of high-value Casascius holdings have decided to redeem or relocate the funds.
Each 1,000-BTC tranche would be worth tens of millions of dollars at current market prices, placing the transfers among the larger coin awakenings seen this year. On-chain analysts are now tracking the destination of the funds to see whether they move to exchanges, custodial services, or new long-term storage addresses.
Analyst Flags Possible Bitcoin Bear Market Signal
Titan of Crypto says Bitcoin may have entered a bear market in the first week of November, based on a divergence between BTC price action and USDT dominance. In his chart, Bitcoin’s weekly trend line slopes upward while USDT’s share of the crypto market begins to turn higher from a falling line, echoing a similar pattern that appeared before the 2021 cycle peak.
Bitcoin vs USDT Dominance Divergence Source: Titan of Crypto / TradingView
According to the analyst, this combination of a rising stablecoin dominance and an extended Bitcoin advance has previously marked exhaustion in bullish trends. He argues that the recent move could signal a shift from risk-on positioning into stablecoins as traders take profit and reduce exposure. However, confirmation would still depend on how Bitcoin behaves around key support levels in the coming weeks.
Analyst Says Bitcoin Must Reclaim 90,000 Dollars After Bounce
Meanwhile, Bitcoin bounced after retesting support near the 88,000-dollar area, but trader Ted Pillows says the move remains fragile while price trades under 90,000 dollars. He views 90,000 dollars as a short-term pivot: a clean break and daily close above that level would confirm that buyers have regained control and open room toward the next resistance band around the low-90,000s. The chart shows stacked supply zones above, with heavier resistance sitting closer to 98,000–102,000 dollars.
Bitcoin Support And Resistance Levels. Source: Ted Pillows / TradingView
However, Ted warns that rejection below 90,000 dollars would keep Bitcoin locked in a tight range and likely send it back to the 87,000–88,000-dollar support. A clear loss of that floor could expose deeper demand areas in the low-80,000s, where an earlier consolidation zone appears on the chart. For now, the structure leaves BTC at an inflection point, with traders watching whether price can flip 90,000 dollars from resistance into support.
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.
You May Also Like
When Your Mom Can Use DePIN, Mass Adoption Has Arrived
The post When Your Mom Can Use DePIN, Mass Adoption Has Arrived appeared on BitcoinEthereumNews.com. In a perfect world, the internet works like tap water: you turn it on, and it flows. Seamlessly. Nobody really wants to think about a ‘better connection spot,’ SIM cards, or the nearest cell towers. Users just want a fast, stable connection wherever they are. The good thing is they’re quietly getting it without even knowing it. The internet we have is broken (and expensive) Traditional telecom infrastructure is heavy and expensive. Every tower requires a site lease, permits, maintenance, and marketing. Every expansion takes months or years (of both construction and red tape) and can cost from $5 million to $100 million, which means installing even one small cell tower can drain a business’s finances by up to $300,000. In this system, we’re not really paying for the gigabytes we use — we’re paying for the bureaucracy built around them. This system doesn’t make economic sense anymore. Telecom companies can no longer afford to spend billions on connections that don’t improve and become harder and harder to maintain with more users all over the globe. The good news is that a better alternative is already in people’s homes and devices, even though you don’t see it on billboards. DePIN (Decentralized Physical Infrastructure Networks) is turning the Wi-Fi routers around you into a new kind of connectivity. From towers to routers According to crypto asset manager Grayscale, DePIN is already widely used in day-to-day life, and the company calls it a “significant” investment opportunity. Why? DePIN takes a software-first approach, meaning it uses what already exists. A lightweight app or firmware update turns a regular Wi-Fi router into a small piece of a bigger network. When you’re nearby, your device automatically connects through that router. With DePIN’s rising popularity, people and businesses are already implementing it: Nodle, a smartphone-based DePIN,…
Share
BitcoinEthereumNews2025/12/07 00:07
Two Casascius coins with $2,000 Bitcoin move after 13 years of dormancy
The post Two Casascius coins with $2,000 Bitcoin move after 13 years of dormancy appeared on BitcoinEthereumNews.com. Key Takeaways Two Casascius physical Bitcoin coins containing about $2,000 moved after 13 years of dormancy. Casascius coins are rare, physical coins embedding private keys beneath a tamper-evident hologram. Two Casascius physical Bitcoin coins containing approximately $2,000 worth of Bitcoin moved this week after remaining dormant for 13 years, according to Timechain Index founder Sani. Casascius, which creates physical Bitcoins that embed real crypto value through a private key concealed beneath a tamper-evident hologram, allows holders to redeem the associated Bitcoin on the blockchain. The coins include a private key hidden under the hologram, intended to secure the Bitcoin until the owner chooses to access it. These physical Bitcoin coins are considered rare collectibles due to their early issuance, making any movement of such coins a rare occurrence for crypto observers. The coins were among the earliest physical representations of Bitcoin, creating historical artifacts that bridge the digital currency’s early days with its current market presence. Casascius coins and similar physical Bitcoin representations sometimes become active after extended periods of inactivity, typically generating attention within the crypto community when holders decide to access their dormant holdings. Source: https://cryptobriefing.com/casascius-coins-move-dormant-bitcoin-activity-2025/
Share
BitcoinEthereumNews2025/12/07 00:23
Music body ICMP laments “wilful” theft of artists’ work
The post Music body ICMP laments “wilful” theft of artists’ work appeared on BitcoinEthereumNews.com. A major music industry group, ICMP, has lamented the use of artists’ work by AI companies, calling them guilty of “wilful” copyright infringement, as the battle between the tech firms and the arts industry continues. The Brussels-based group known as the International Confederation of Music Publishers (ICMP) comprises major record labels and other music industry professionals. Their voice adds to many others within the arts industry that have expressed displeasure at AI firms for using their creative work to train their systems without permission. ICMP accuses AI firms of deliberate copyright infringement ICMP director general John Phelan told AFP that big tech firms and AI-specific companies were involved in what he termed “the largest copyright infringement exercise that has been seen.” He cited the likes of OpenAI, Suno, Udio, and Mistral as some of the culprits. The ICMP carried out an investigation for nearly two years to ascertain how generative AI firms were using material by creatives to enrich themselves. The Brussels-based group is one of a number of industry bodies that span across news media and publishing to target the fast-growing AI sector over its use of content without paying any royalties. Suno and Udio, who are AI music generators, can produce tracks with voices, melodies, and musical styles that echo those of the original artists such as the Beatles, Depeche Mode, Mariah Carey, and the Beach boys. “What is legal or illegal is how the technologies are used. That means the corporate decisions made by the chief executives of companies matter immensely and should comply with the law,” Phelan told AFP. “What we see is they are engaged in wilful, commercial-scale copyright infringement.” Phelan. In June last year, a US trade group, the Recording Industry Association of America, filed a lawsuit against Suno and Udio. However, an exception…
Share
BitcoinEthereumNews2025/09/18 04:41