A Bitcoin whale just moved 26.96 BTC ($1.75M) from a wallet dormant for 12.5 years. This follows last week's 49.97 BTC move from a 2011 wallet.
These are old-money awakenings. One wallet acquired coins at ~$803, the other at ~$10. This isn't new; old coins have stirred more often in the last two years.
Our read: early holders are taking profits. They're sweeping balances to new addresses, often a prelude to selling or collateralizing. In a Fear market, this adds sell pressure when BTC needs buyers.
Reclaim the EMA20 at $64,558 or expect further downside. BTC last traded at $64,143.
$BTC
These are old-money awakenings. One wallet acquired coins at ~$803, the other at ~$10. This isn't new; old coins have stirred more often in the last two years.
Our read: early holders are taking profits. They're sweeping balances to new addresses, often a prelude to selling or collateralizing. In a Fear market, this adds sell pressure when BTC needs buyers.
Reclaim the EMA20 at $64,558 or expect further downside. BTC last traded at $64,143.
$BTC