Q: After years of dormancy, a Bitcoin OG moved all 4,582 of their bitcoins, worth $378 million. What do you make of it?
A: It’s not that directly related to the price; it’s more a reflection of one aspect of the industry’s ongoing development. I’d use the low before the news broke as a reference point: holding above it would be relatively strong, while falling back below it would be relatively weak.
$BTC , down 1.24% on the day.
#BTC
A: It’s not that directly related to the price; it’s more a reflection of one aspect of the industry’s ongoing development. I’d use the low before the news broke as a reference point: holding above it would be relatively strong, while falling back below it would be relatively weak.
$BTC , down 1.24% on the day.
#BTC