A dormant Bitcoin whale reemerged with an $85 million buy as The Smarter Web Company added to its BTC holdings.
After nearly a year of inactivity, a dormant Bitcoin whale who previously sold BTC BTC $78 347 24h volatility: 0.7% Market cap: $1.57 T Vol. 24h: $57.88 B in November 2024 has resurfaced, this time buying back 800 BTC worth $84.87 million at an average price of $106,060.
A whale, dormant for a year, withdrew 800.19 $BTC worth $85.51M from #OKX and #Binance.https://t.co/T4KHnA1TD8 pic.twitter.com/QqedGuQHuP
— Onchain Lens (@OnchainLens) November 4, 2025
The trader, known for three highly profitable swing trades between 2022 and 2024 that netted over $120 million, is betting once again on Bitcoin as volatility pushes prices down.
Whale Accumulation amid Market Weakness
The move comes as Bitcoin dropped to $103,000, down 3.5% in 24 hours, with trading volume surging 78.54% to $80.49 billion, CoinMarketCap data shows. Despite the correction, Bitcoin continues to hold above the $2 trillion market cap.
According to CryptoQuant, Bitcoin’s Realized Cap Dynamics indicate that structural momentum is fading, showing little new capital inflow into the network. Metrics such as Strength_RC_60d and ZTrend_RC_180d remain near or below zero, indicating a massive drop in investor conviction.
Bitcoin realized cap dynamics: speed, strength, and trend | Source: CryptoQuant
Analysts warn that if realized capitalization doesn’t pick up soon, the next major valuation wave could tilt lower, resulting in a potential distribution phase.
The Smarter Web Company Expands Bitcoin Treasury
While Bitcoin dropped to $103K, The Smarter Web Company, the UK’s largest publicly traded firm holding Bitcoin, announced the purchase of 4 additional BTC at an average price of $108,510, worth approximately $432K. This brings the company’s total holdings to 2,664 BTC, valued at over £220 million ($272 million).
Operating under its long-term “10 Year Plan,” The Smarter Web Company is gradually buying BTC, integrating the leading digital asset into its treasury and business strategy. It also accepts BTC payments and sees the asset as a cornerstone of the future financial system.
The Smarter Web Company RNS Announcement: Bitcoin Purchase.
The Smarter Web Company (AQUIS: #SWC | OTCQB: $TSWCF | FRA: $3M8), a London-listed technology company and the UK’s largest publicly traded company holding Bitcoin on its balance sheet, announces the purchase of… pic.twitter.com/71tzGGqKNV
— The Smarter Web Company (@smarterwebuk) November 4, 2025
Analysts Split on Market Outlook
According to Swissblock, Bitcoin has now held above the $100,000 structural floor for 180 days, forming what analysts describe as a critical confluence zone. “Hold $100K, and the bulls reset for another leg higher. Lose it, and there’s nothing below, just open air and fear,” the firm said.
Glassnode’s latest report stated that as prices drop, short-term momentum is improving with mild accumulation. However, institutional outflows and negative ETF flows, totaling $617.2 million, paint a worrisome picture.
Bitcoin, what is the plan?
It’s been 180 days since Bitcoin broke above $100K, and it hasn’t closed below it once.
The $100K zone is the point of break: a structural floor built on high volume and strong confluence.
This is what November brings:
Hold $100K, and the bulls… pic.twitter.com/TfnldKOphr
— Swissblock (@swissblock__) November 3, 2025
Moreover, the MVRV ratio dropped to 2.05 which basically confirms that capital is rotating but new demand is yet to be seen. If Bitcoin holds above $100K–$103K, it could stabilize for a potential rebound toward $110K.
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