Bitcoin Holds Near $83,000 Following Dormant Whale Transfers and Ether Rotation

Bitcoin traded range-bound between $82,000 and $83,000 as total cryptocurrency market capitalization hovered near $1.68 trillion. The token recently tested sub-$82,000 levels amid $406 million in long liquidations before rebounding above $83,500. Market attention centered on substantial on-chain movements, including a dormant wallet transferring 4,582 BTC valued at approximately $378 million across five new addresses after inactivity since August 2024. Another whale dumped 837.8 BTC at a 13% loss to buy 27,500 Ether worth roughly $69.7 million, even as weekly spot ETF outflows across Bitcoin and Ether topped $1.2 billion.