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Bitcoin momentum improves; dormant whale moves 500 BTC after 13 years, signaling potential market shift.

Market News
12 May 2026
AMBCrypto
Bullish
pluang ai news

Bitcoin's momentum has improved across daily, weekly, and monthly timeframes, with the 30-day momentum turning positive. A dormant Bitcoin wallet from 2012 moved 500 BTC worth about $40.6 million after 13 years, though the coins were transferred to a new wallet, not an exchange, indicating no immediate selling pressure. Despite a slight price dip to around $81.5K, indicators show steady buying interest and capital inflows. This suggests Bitcoin may be preparing for a significant move upward rather than a reversal.

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