Dormant whale moves 4,582 BTC
On October 13, Lookonchain detected a long-dormant address transferring all 4,582 BTC, worth about $377.58 million at current prices. A full liquidation of this scale is no small move—it’s enough to smash through several levels of depth in the order book.
Now it’s a matter of where these coins end up. If they go to an exchange, that’s real selling pressure. If they move to a new cold wallet or go OTC, the coins have simply changed hands. Until the on-chain trail is complete, bears can use this as an excuse to push down every rally.
At this level, are you willing to place buy orders lower down and catch the coins, or would you rather pull out your leverage and watch from the sidelines?
$BTC $ETH $SOL
On October 13, Lookonchain detected a long-dormant address transferring all 4,582 BTC, worth about $377.58 million at current prices. A full liquidation of this scale is no small move—it’s enough to smash through several levels of depth in the order book.
Now it’s a matter of where these coins end up. If they go to an exchange, that’s real selling pressure. If they move to a new cold wallet or go OTC, the coins have simply changed hands. Until the on-chain trail is complete, bears can use this as an excuse to push down every rally.
At this level, are you willing to place buy orders lower down and catch the coins, or would you rather pull out your leverage and watch from the sidelines?
$BTC $ETH $SOL