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Bitcoin, the world’s top digital asset, surged more than 20% on Monday from last week’s low, with major altcoins following suits. The Crypto rally came soon after the US president announced that President Donald Trump was considering strategic reserves covering Bitcoin, Solana, Cardano, Ethereum and XRP. Bitcoin’s response was immediate. From its $85,000 low on March 2nd, the Alphacoin bounced over $90,000 on Monday.
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The price action on the day also involved large fund movements, particularly among older Bitcoin wallets. According to Cryptoquant, the wallet of an older BTC whale, age 7-10, rebounded from the lowest price of the property, transporting around 180 BTC shortly after flirting for $96,000.
Whales are on alert when Bitcoin temporarily surges above $90,000
Bitcoin Price Action on Monday created a ripple effect in the broader crypto market. As its prices were temporarily bolstered, other major altcoins like XRP and ADA followed suit. For example, XRP surged over 30% on Monday, becoming one of the best performing assets of the day.
However, other interesting developments have happened in the chain, according to analysts. Cryptoquant on-chain analyst Maartunn shared an interesting screenshot showing trading activity between long-term Bitcoin holders.
🚨Old Bitcoin Alerts
Serious BTC moves for over 7 years as prices soar past $95,000! 📈 pic.twitter.com/ti3ejakfcp
– Market (@je_mismun) March 3, 2025
In a Twitter/X tweet, Maartunn shared an image showing a surge in wallet activity from 7-10 years ago. On-chain data revealed that these wallets have moved over 180 Bitcoins as the price reached $96K. Additionally, wallets that have held BTC for at least 10 years have also moved 120 tokens.
Will giant whales move due to impatience in BTC prices?
Bitcoin’s price rally was short-lived as it retreated to under $85K. In the last 24 hours, top crypto assets have been traded roughly between $83,000 and $93,000. Asset prices have fallen 8.8% from last week’s levels and 16.4% from last month’s prices.
Bitcoin data and trading patterns suggest that some whales and long-term holders are feeling anxious about price performance. The analytical exposition also shows that fund transfers increased among investors who entered the last two halvings.
The intense movements attracting attention in crypto wallets between 5 and 7 years old
Maartunn also noted changes in wallet-to-wallet funding between ages 5 to 7. These addresses transferred 1,453.40 units as the Bitcoin price is around $93,000. These moves suggest sales and indicate the potential loss of enthusiasm.
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Interestingly, these wallets buy Bitcoin for around $25,000. That is, these holders recognize an incredible profit considering the current price of the asset is $83,000. These whales have dropped some of their holdings, but some crypto analysts remain bullish on Bitcoin. Ali Martinez, for example, suggested that Bitcoin prices were a bargain. In a recent tweet, Martinez shared that now is the best time to invest in Bitcoin.
Pexels featured images, TradingView charts
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