| Cryptocurrency | Price (USDT) |
|---|---|
| BTC | $106400.0100000000 |
| ETH | $2452.4810000000 |
| BNB | $653.0405900000 |
| XRP | $2.1994480000 |
| ADA | $0.5613597000 |
| SOL | $148.7950000000 |
| DOGE | $N/A |
| DOT | $3.3293700000 |
| LTC | $85.4175000000 |
| LINK | $13.1815900000 |
Category: CRYPTO NEWS
The post Bitcoin Whale Moves 8,000 BTC Aged 5-7 Years – What Happened Last Time appeared on BitcoinEthereumNews.com. Bitcoin continues to grapple with the psychological $100,000 milestone, failing to break above this critical resistance after a retrace from all-time highs. This prolonged stagnation has sparked discussions about a potential correction or deeper retrace as the market awaits confirmation of Bitcoin’s next major move. Both analysts and investors are closely monitoring the situation, eager to discern whether the cryptocurrency will rally to new heights or succumb to selling pressure. Related Reading Adding fuel to these concerns, renowned analyst Maartunn recently highlighted alarming on-chain activity. Over 8,000 BTC, aged between five and seven years, have moved on-chain, raising questions about long-term holders’ intentions. Historically, such movements have often preceded market shifts, with increased selling pressure signaling potential weakness. The activity from these seasoned wallets could reflect fading confidence or profit-taking, keeping Bitcoin subdued under the $100K threshold. While bulls and bears remain locked in a battle for dominance, this significant metric underscores the growing uncertainty. As Bitcoin’s trajectory hangs in the balance, market participants brace for clarity on whether this pivotal level will eventually transform into solid support—or mark the start of a downward correction. Smart Money Moving Bitcoin Since early December, Bitcoin has entered a prolonged consolidation phase, struggling to establish clear momentum in either direction. Recent on-chain data suggests that whale activity is playing a pivotal role in keeping the price suppressed. According to top analyst Maartunn, a familiar entity—an old Bitcoin whale—has resurfaced, making significant moves that could influence the market’s trajectory. Maartunn emphasizes that the movement of more than 8,000 BTC echoes a pattern seen just 10 days ago. At that time, the same whale reportedly shifted more than 72,000 BTC in total since the consolidation phase began. This whale, often referred to as “smart money,” has been active like never before, signaling strategic positioning rather…
2024-12-29T09:30:08+00:00
https://bitcoinethereumnews.com/bitcoin/bitcoin-whale-moves-8000-btc-aged-5-7-years-what-happened-last-time/?utm_source=rss&utm_medium=rss&utm_campaign=bitcoin-whale-moves-8000-btc-aged-5-7-years-what-happened-last-time