Bitcoin whales are starting to move again.
A wallet that had been inactive for more than 4 years just moved 4,500 $BTC, worth around $375M at current prices.
Almost the entire balance was transferred to a new address, but the BTC was not sent to a known exchange, so this doesn't necessarily mean the whale is selling.
Still, this is something Iโm keeping an eye on.
With this wallet and some other large wallets becoming active, I think Bitcoin could see more downside before the next strong reco...
$ZEC is the weakest here, down 6.58% around $1,240 with $57M volume. Thatโs heavy selling, so Iโm not trying to catch the knife. Iโm watching $1,220โ$1,240 for a possible reaction. If ZEC reclaims $1,275 with strong volume, Iโd consider a reversal trade.
Entry: $1,225โ$1,245
Confirm: $1,275 + volume
SL: $1,190
TP1: $1,300 | TP2: $1,335 | TP3: $1,380 | TP4: $1,450
R:R: ~1:3 to TP3
Invalidation: below $1,190.
A subnet just broke even and bought itself back.
$TAO is still priced like that never happened.
OpenTensor's weekly note reads like a roundup.
The line that matters is buried in it.
Subnet 44, Score, says September was its first break even month.
Two private track partners became long term paid clients.
Then it started buybacks and burns.
Ten transactions, funded by the subnet itself.
That money came from revenue, not emissions.
Same week, the rest of the network kept shipping.
Macrocosm...
$BTC showing resilience after a sharp dip! That strong bounce from $82,150 straight back to $82,754 shows buyers are stepping in with real strength at the lows. ๐ช๐ป
Entry: 82,400 โ 82,800
TP1: 83,500
TP2: 84,300
SL: 81,800
Catch the rebound early, don't chase later! ๐
$BTC
{future}(BTCUSDT)