Bitcoin (BTC) Stash Unstaking of Nearly 15,000 BTC by Babylon Has Only a Modest Impact on Price

In a dramatic move that could've rattled the market, the Bitcoin Babylon unstaking of nearly 15,000 BTC, worth over $1.26 billion, had only a modest impact on Bitcoin's price.

A massive unstaking of nearly 15,000 Bitcoin (BTC), valued at over $1.26 billion, from the decentralized staking platform Babylon had only a modest impact on Bitcoin’s price, according to on-chain analytics.

The dotenv:handles an unstaking of 14,929 BTC at around 10:30 AM (GMT+2) on April 17, signaled by smaller unstaking activity earlier in the month, with 256 BTC unstaked on April 4, and 1 BTC unstaked on April 1.

The unstaked coins were distributed across multiple wallet addresses, hinting at sophisticated positioning, potentially by institutional players or large-scale whales.

The platform’s total staked Bitcoin dropped sharply to 31,701 BTC following the event, according to data from BlockTempo.

The unstaking closely follows Babylon’s distribution of $600 million in its native token BABY, which was airdropped to community members earlier this month.

The move sparked chatter within the crypto community about a possible rotation from staking yields into more liquid assets.

Bitcoin price dips but recovers, tests 20-day EMA support

Following the unstaking, BTC dipped from its local high of $85,428 to test the 20-day Exponential Moving Average (EMA) near $83,250.

This pullback represents a modest 2.5% correction, remarkably restrained considering the size of the liquidity event.

As of now, Bitcoin has successfully bounced off the 20-day EMA, signaling that bulls continue to defend this crucial BTC support level.

Deeper support lies at the lower Bollinger Band, around $77,948, while immediate resistance is seen at the middle Bollinger Band, which is currently at $84,091, and the upper band at $87,137, technical charts from TradingView show.

Relative Strength Index (RSI) for Bitcoin stands at 51, suggesting neutral market momentum with a slight bullish tilt. While the RSI isn’t flashing overbought signals, it confirms that BTC remains within a balanced zone.

More notably, the Bollinger Bands are tightening—a classic technical precursor to a breakout or breakdown.

If BTC maintains support and positive inflows resume, the upper resistance at $87,137 could become the next price target. On the other hand, failure to hold $83,000 could open the door to retesting the $78K zone.

From a broader perspective, this Bitcoin staking news reflects the maturing nature of the crypto market, where even billion-dollar moves are being digested without triggering panic selling. The reaction showcases a more resilient price structure and institutional confidence in current price levels.