diff --git a/src/chain.h b/src/chain.h
--- a/src/chain.h
+++ b/src/chain.h
@@ -24,7 +24,7 @@
  * Maximum amount of time that a block timestamp is allowed to exceed the
  * current network-adjusted time before the block will be accepted.
  */
-static const int64_t MAX_FUTURE_BLOCK_TIME = 2 * 60 * 60;
+static constexpr int64_t MAX_FUTURE_BLOCK_TIME = 2 * 60 * 60;
 
 /**
  * Timestamp window used as a grace period by code that compares external
@@ -32,7 +32,15 @@
  * to block timestamps. This should be set at least as high as
  * MAX_FUTURE_BLOCK_TIME.
  */
-static const int64_t TIMESTAMP_WINDOW = MAX_FUTURE_BLOCK_TIME;
+static constexpr int64_t TIMESTAMP_WINDOW = MAX_FUTURE_BLOCK_TIME;
+
+/**
+ * Maximum gap between node time and block time used
+ * for the "Catching up..." mode in GUI.
+ *
+ * Ref: https://github.com/bitcoin/bitcoin/pull/1026
+ */
+static constexpr int64_t MAX_BLOCK_TIME_GAP = 90 * 60;
 
 /**
  * The block chain is a tree shaped structure starting with the genesis block at
diff --git a/src/interfaces/wallet.h b/src/interfaces/wallet.h
--- a/src/interfaces/wallet.h
+++ b/src/interfaces/wallet.h
@@ -168,7 +168,7 @@
     //! Try to get updated status for a particular transaction, if possible
     //! without blocking.
     virtual bool tryGetTxStatus(const TxId &txid, WalletTxStatus &tx_status,
-                                int &num_blocks) = 0;
+                                int &num_blocks, int64_t &block_time) = 0;
 
     //! Get transaction details.
     virtual WalletTx getWalletTxDetails(const TxId &txid,
diff --git a/src/interfaces/wallet.cpp b/src/interfaces/wallet.cpp
--- a/src/interfaces/wallet.cpp
+++ b/src/interfaces/wallet.cpp
@@ -267,7 +267,7 @@
         }
         bool tryGetTxStatus(const TxId &txid,
                             interfaces::WalletTxStatus &tx_status,
-                            int &num_blocks) override {
+                            int &num_blocks, int64_t &block_time) override {
             TRY_LOCK(::cs_main, locked_chain);
             if (!locked_chain) {
                 return false;
@@ -281,6 +281,7 @@
                 return false;
             }
             num_blocks = ::chainActive.Height();
+            block_time = ::chainActive.Tip()->GetBlockTime();
             tx_status = MakeWalletTxStatus(mi->second);
             return true;
         }
diff --git a/src/qt/bitcoingui.cpp b/src/qt/bitcoingui.cpp
--- a/src/qt/bitcoingui.cpp
+++ b/src/qt/bitcoingui.cpp
@@ -8,6 +8,7 @@
 
 #include <qt/bitcoingui.h>
 
+#include <chain.h>
 #include <chainparams.h>
 #include <init.h>
 #include <interfaces/handler.h>
@@ -869,7 +870,7 @@
     tooltip = tr("Processed %n block(s) of transaction history.", "", count);
 
     // Set icon state: spinning if catching up, tick otherwise
-    if (secs < 90 * 60) {
+    if (secs < MAX_BLOCK_TIME_GAP) {
         tooltip = tr("Up to date") + QString(".<br>") + tooltip;
         labelBlocksIcon->setPixmap(
             platformStyle->SingleColorIcon(":/icons/synced")
diff --git a/src/qt/transactionrecord.h b/src/qt/transactionrecord.h
--- a/src/qt/transactionrecord.h
+++ b/src/qt/transactionrecord.h
@@ -144,7 +144,8 @@
 
     /** Update status from core wallet tx.
      */
-    void updateStatus(const interfaces::WalletTxStatus &wtx, int numBlocks);
+    void updateStatus(const interfaces::WalletTxStatus &wtx, int numBlocks,
+                      int64_t block_time);
 
     /** Return whether a status update is needed.
      */
diff --git a/src/qt/transactionrecord.cpp b/src/qt/transactionrecord.cpp
--- a/src/qt/transactionrecord.cpp
+++ b/src/qt/transactionrecord.cpp
@@ -12,6 +12,8 @@
 #include <validation.h>
 #include <wallet/finaltx.h>
 
+#include <QDateTime>
+
 #include <cstdint>
 
 /**
@@ -151,7 +153,7 @@
 }
 
 void TransactionRecord::updateStatus(const interfaces::WalletTxStatus &wtx,
-                                     int numBlocks) {
+                                     int numBlocks, int64_t block_time) {
     // Determine transaction status
 
     // Sort order, unrecorded transactions sort to the top
@@ -161,7 +163,10 @@
     status.depth = wtx.depth_in_main_chain;
     status.cur_num_blocks = numBlocks;
 
-    if (!wtx.is_final) {
+    const bool up_to_date =
+        (int64_t(QDateTime::currentMSecsSinceEpoch()) / 1000 - block_time <
+         MAX_BLOCK_TIME_GAP);
+    if (up_to_date && !wtx.is_final) {
         if (wtx.lock_time < LOCKTIME_THRESHOLD) {
             status.status = TransactionStatus::OpenUntilBlock;
             status.open_for = wtx.lock_time - numBlocks;
diff --git a/src/qt/transactiontablemodel.cpp b/src/qt/transactiontablemodel.cpp
--- a/src/qt/transactiontablemodel.cpp
+++ b/src/qt/transactiontablemodel.cpp
@@ -184,9 +184,10 @@
             // simply re-use the cached status.
             interfaces::WalletTxStatus wtx;
             int numBlocks;
-            if (wallet.tryGetTxStatus(rec->txid, wtx, numBlocks) &&
+            int64_t block_time;
+            if (wallet.tryGetTxStatus(rec->txid, wtx, numBlocks, block_time) &&
                 rec->statusUpdateNeeded(numBlocks)) {
-                rec->updateStatus(wtx, numBlocks);
+                rec->updateStatus(wtx, numBlocks, block_time);
             }
             return rec;
         }