The movement of funds from different accounts in a single day shocked the crypto space. According to the report of Bitcoin.com, the world’s gateway of Bitcoin and cryptocurrency transactions of Dormant Bitcoin ($BTC) has recently moved for the first time in 11 years after appreciation. 
What is Dormant Bitcoin? 
The movement of $BTC for the first time in 11 years seeks the attention of crypto enthusiasts towards the respective concept. Dormant Bitcoin, also known as sleeping Bitcoin, is a type of Bitcoin address that has no transaction activities for a particular time period with a non-zero balance.
As of July 2020, the total number of all the dormant Bitcoin addresses holds 98.7% of the BTC amount stored within the Dormant Bitcoin addresses. There are around 121,435 addresses holding a total balance of 3,709,302 BTC.    
These addresses remain inactive with a non-zero balance and got attention recently when a Dormant Bitcoin Whale shifted around $25 Million for the first time. The action was observed for the first time in the past 11 days, after appreciating by more than 240,000%. 
Who is Behind the Shift? 
Based on the report of Bitcoin.com, the whole scenario is not yet clear. It isn’t observed whether the entire cache of BTC was shifted by a single whale or a number of entities. The main reason behind the same is the movement of funds from different addresses. However, it is assumed that the whole action was taken by a single entity. 
Going down to the details, different amount of transactions were made from different wallets. The transactions were made after the other dormant BTC whales moved a significant amount of funds. 
However, there is no particular reason observed behind the same. The whale’s first transaction involved around 199.99 BTC which is around $5.4 Million, and is followed by 8 other transactions. In addition to this, the second transaction involved around 185.12 BTC which is worth around $5 Million.
Surprisingly, all these Bitcoins were secured in July 2012 when BTC was worth $7.15, comprising 97.41 BTC which is around $2.6 Million. Additionally, the final transaction was made from an address created on July 20, 2012, and transferred around 151.15 BTC valued at around $4 Million.
Further, the transaction is made when the bankruptcy cryptocurrency exchange, FTX, gets approval from the US Court for the District of Delaware to invest and sell its crypto funds. The approval is to settle the debt with creditors worth around $3 Billion. Also, the FTX cryptocurrency exchange is expected to surpass $3.4 Billion.           
Conclusion 
A transaction of $BTC worth $25 Million is observed after the other dormant BTC whales moved a significant amount of funds. The approval of FTX by the US court to settle the debt with creditors shocked the crypto holders. As a result, 9 different transactions were observed.
*Disclaimer:
This content aims to enrich readers with information. Always conduct independent research and use discretionary funds before investing. All buying, selling, and crypto asset investment activities are the responsibility of the reader.
#BTC #bitcoin #crypto2023 $BTC

After two consecutive days of selling driven by the U.S. Federal Reserve's interest rate decision, #bitcoin saw short covering. Bitcoin has been consolidating in a price range between $26,000 and $27,500 over the past few days. A significant price movement beyond this range is expected to establish a fresh market trend.
On The Daily Chart:
Bitcoin has resumed its descent from the $27,500 resistance, potentially leading to a revisit of the $25,400 support zone. This decline followed Bitcoin's failure to surpass the $27,500 resistance, resulting in a drop below crucial support levels at $27,000 and $26,800. Additionally, a significant bullish trend line near the $26,800 mark on the BTC/USD hourly chart was breached. The pair retraced to the $26,350 support area, forming a low around $26,378. Bitcoin is currently consolidating near the 23.6% Fibonacci retracement level, trading below both the $27,000 mark and the 100-hourly Simple Moving Average.
On The 4-Hour Chart:
Bitcoin is currently in a period of heightened volatility, teetering around the critical level of $26,600. Interestingly, this level, once a resistance, has now established itself as robust support, supported by recent candlestick patterns, especially on the 4-hour chart. Bitcoin is presently trading below the 50-day exponential moving average and has departed from an ascending channel. Notably, the $27,500 mark acts as a major resistance for BTC, and a failure to break through it in the near future could potentially result in a decline towards $25,000.
According to Coingabbar Price Analysis, the market capitalization of #BTC stands at $520,246,946,084. The 24-hour trading volume is approximately $13,331,565,204.
KEY LEVELS :
RESISTANCE LEVEL : $27,000-$27,500
SUPPORT LEVEL : $26,300-$26,000
Disclaimer: Crypto is not regulated and can offer considerable risks. There may be no regulatory remedies available in the event of any losses resulting from price analysis. As a result, before engaging in any transactions involving crypto products, each investor must perform in-depth examination or seek independent advice.
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#crypto2023 #dyor #BinanceTournament $BTC

From its all-time high on 2023 to today, September 22nd, its price has dropped by -16.4%, from US$31,827 to US$26,623.
For 45 days in a row, the price of Bitcoin has been less than US$30,000, and it has been recorded that most short-term holders (STH) are losing money at this time.
97.5% of BTC Short Term Holders Are Losing
Short-term holder measures, or STH, are useful for tracking price movements over relatively short time periods. After purchasing coins or tokens, STH will keep onto them for 155 calendar days.
An indicator of the level of accumulation at a given time and price is the accumulation trend score. When the price of Bitcoin $BTC was about US$30,000, a large amount of accumulation took place. More STH was accumulated at the BTC price level of US$30,000, which occurred over the course of 155 days.
Since Bitcoin's price has gone down since it reached its best point in 2023, which was US$31,827 on July 13, 2023, and has had trouble getting back to US$30,000, most STH have lost money.
Based on the percent of STH in profit indicator, which tracks how much of STH is making money, the figure shows that 97.5% of STH is losing money. This level is the same as in November 2022, when the FTX crashed.
Crypto Sentiment Is Slowly Turning Bad
Bitcoin couldn't keep its price at US$30,000, so a short-term decline began to form. On the other hand, people's feelings about the cryptocurrency market are slowly going from being positive to being negative.
The cost basis sign shows that the mood on the crypto market has turned from positive to negative. There are two types of basic costs: cost basis holder and cost basis spender. Cost basis holder is the basic cost of buying Bitcoin and keeping it in a portfolio. Cost basis spender is the basic cost of buying Bitcoin that is then used for trades. Because Bitcoin has the largest market cap, just looking at its price is thought to be enough to show how the crypto market feels.
When the holder's cost basis is higher than the spender's cost basis, the sentiment is thought to be negative. On the other hand, when the holder's cost basis is lower than the spender's cost basis, sentiment is seen as good.
The holder's cost base is around $28,000 as of September 17, 2023, which is greater than the spender's cost base of approximately $26,600. This indicates a shift in cryptocurrency sentiment from positive to negative.
The fear and greed index is another indicator that analyzes crypto market mood. This index also reveals that the cryptocurrency market sentiment is gradually shifting from greed (positive) to fear (negative).
The index has dropped from 64 at the greed level to 43 at the fear level in the last three months. This decrease is comparable with Bitcoin price movements, which have likewise declined over the last three months and have constantly been below US$30,000.
#BTC #dyor

Sometimes, life surprises us in the most unexpected ways. Imagine the sheer astonishment of a Norwegian man who, after years of forgetfulness, rediscovered a long-forgotten Bitcoin investment worth a fortune.
In 2009, 25-year-old Kristoffer Koch embarked on a peculiar journey into cryptocurrencies. Uncertain about the potential of Bitcoin, he decided to read a document authored by Satoshi Nakamoto in 2008, the very year Bitcoin was born.
The Bitcoin whitepaper caught his interest, and driven by his fascination for cutting-edge technology, Koch took a leap of faith and acquired 5,000 BTC in 2009. The initial investment figures vary, ranging from a mere $22 to a slightly higher $27.
As time passed, Koch forgot about his Bitcoin investment. His focus turned toward his life and his career. He never planned to buy cryptocurrencies with the money. He stated, “The sole purchasable items in those days were alpaca socks, thus I proceeded with my life and relinquished thoughts of this venture to instead concentrate on securing gainful employment.”
Four years later, fate intervened as Koch stumbled upon reports of Bitcoin’s soaring prices. The cryptocurrency was gaining traction, and his BTC holdings were appreciating rapidly. By the age of 29, Koch realized he would become a millionaire.
His 5,000 Bitcoins had transformed from less than $30 into an asset valued at around $850,000. However, there was a problem. His BTC was stored in an encrypted wallet, as expected, and he couldn’t remember the password.
It took him some time to recall the password but in 2013, he finally unlocked his fortune. He cashed in a fifth of his BTC holdings, paid his taxes, and bought an apartment in the Toyen area in Oslo.
Speaking to Norwegian news outlets, Koch reflected on his unique circumstances, saying, “Not in my wildest dreams could I have imagined that they would have soared like this.” He continued, “It’s bizarre, these psychological reflexes that make us attach a value to something that doesn’t have any in itself.”
From curiosity and skepticism to stumbling upon an unexpected windfall, Koch’s journey is a testament to the remarkable surprises that the crypto market can bring. It is a tale that has continued to inspire faith in crypto holders and that faith has come true time and time again. Koch’s story brings to mind the story of a man who turned $8000 into $5.7 billion with an investment in Shiba Inu (SHIB).
*Disclaimer:
This content aims to enrich readers with information. Always conduct independent research and use discretionary funds before investing. All buying, selling, and crypto asset investment activities are the responsibility of the reader.
#BTC #bitcoin #Shibainu $BTC $SHIB

Type in your search query and Decrypt itAccording to a Crypto Analyst, Bitcoin (#BTC ) Is Preparing to Parabole by Half - But There is a CatchBitcoin (BTC) may witness another parabolic rally on the way to an all-time high after the 2024 half, a closely followed crypto analyst says.Alias analyst Rekt Capital tells his 352,200 followers on social media platform X that Bitcoin could rise above $80,000 in the months following the next halving event.The halving of the rewards of BTC miners, which have already been halved, is expected to take place in April 2024.Rekt Capital shows a long-term bullish trend in Bitcoin, while noting that it is possible for BTC to maintain its downward trend without halving it."Stand there and make the most of the deeper negativity in this pre-halving period.You won't want to miss the parabola after half.”According to a Crypto Analyst, Bitcoin (BTC) Is Preparing for a Halved Parabola - But There is a CatchBitcoin (BTC) may witness another parabolic rally on the way to an all-time high after 2024 halves, a closely followed crypto analyst says.Alias analyst Rekt Capital tells his 352,200 followers on social media platform X that Bitcoin could rise above $80,000 in the months following the next halving event.Rekt Capital notes that Bitcoin may repeat the 2019 bear market cycle when it trades in a triangular pattern before breaking out and starting a bull market."If Bitcoin continues to build lower highs…Can BTC fill the CME (Chicago Mercantile Exchange) deficit at ~$20,000 later this year or early 2024?If so, the possible path may be consolidation to the top of the black triangle before finally approaching the half.” Looking at the trader's chart, it seems to suggest that Bitcoin will confirm the triangle break in April 2024, and then make a rally towards its long-term goal.#ETH #crypto2023 #opbnb