A substantial movement of dormant Bitcoin has been detected, with 31,968 BTC, valued at approximately $3.78 billion, becoming active after being idle for three to five years. This activity, highlighted by CryptoQuant, suggests potential selling or redistribution by holders. Historically, such movements have often aligned with pivotal shifts in Bitcoin's price. Currently, Bitcoin is trading at $115,298.11, marking a 2.52% decline over the past 24 hours. Market participants are also anticipating Federal Reserve Chair Jerome Powell's upcoming speech, which could impact Bitcoin's correlation with risk assets and influence its price direction.