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MainNewsCrypto Alert...

Crypto Alert: Dormant Wallet Activates With Transfers $44 Million in Bitcoin: What’s Next?


by CoinEdition
Crypto_Alert_Dormant_Wallet_Activates_With_Transfers_44_Million
  • Activation of dormant whale wallet with $43M in BTC raises concerns of potential selloff amid Bitcoin’s recovery.
  • Bitcoin’s surge past $64K triggers caution among traders due to overbought signals and potential trend reversal indicators.
  • Shorts dominating liquidations as Bitcoin rebounds, but impact of short squeeze may be limited, keeping market dynamics uncertain.

Bitcoin soared above the $64,000 threshold today, setting a momentous achievement in its current run-up.The resurgence in Bitcoin’s price was accompanied by a noteworthy event – the activation of a dormant wallet containing 687 BTC, valued at over $43 million as per Whale Alert data. This dormant Bitcoin whale, inactive for over a decade, made two substantial transfers to unknown wallets on Monday, totaling nearly $44 million.

As per Lookonchain, an onchain analytic firm, the first transaction involved the transfer of 625.42 BTC, amounting to a  $41 million. The second transfer moved 61.9 BTC, equivalent to approximately $4 milli…

The post Crypto Alert: Dormant Wallet Activates With Transfers $44 Million in Bitcoin: What’s Next? appeared first on Coin Edition.

Read the article at CoinEdition

Read More

Paris-Based Blockchain Group Accumulates 1,471 BTC as Institutional Demand Surges

Paris-Based Blockchain Group Accumulates 1,471 BTC as Institutional Demand Surges

Paris-based Blockchain Group has purchased $68.7 million worth of Bitcoin, bringing i...
BlackRock’s IBIT Soars to World’s No. 2 Bitcoin Owner, Trailing Only Satoshi

BlackRock’s IBIT Soars to World’s No. 2 Bitcoin Owner, Trailing Only Satoshi

BlackRock’s iShares Bitcoin Trust (IBIT) has climbed the ranks in the exchange-traded...
MainNewsCrypto Alert...

Crypto Alert: Dormant Wallet Activates With Transfers $44 Million in Bitcoin: What’s Next?


by CoinEdition
Crypto_Alert_Dormant_Wallet_Activates_With_Transfers_44_Million
  • Activation of dormant whale wallet with $43M in BTC raises concerns of potential selloff amid Bitcoin’s recovery.
  • Bitcoin’s surge past $64K triggers caution among traders due to overbought signals and potential trend reversal indicators.
  • Shorts dominating liquidations as Bitcoin rebounds, but impact of short squeeze may be limited, keeping market dynamics uncertain.

Bitcoin soared above the $64,000 threshold today, setting a momentous achievement in its current run-up.The resurgence in Bitcoin’s price was accompanied by a noteworthy event – the activation of a dormant wallet containing 687 BTC, valued at over $43 million as per Whale Alert data. This dormant Bitcoin whale, inactive for over a decade, made two substantial transfers to unknown wallets on Monday, totaling nearly $44 million.

As per Lookonchain, an onchain analytic firm, the first transaction involved the transfer of 625.42 BTC, amounting to a  $41 million. The second transfer moved 61.9 BTC, equivalent to approximately $4 milli…

The post Crypto Alert: Dormant Wallet Activates With Transfers $44 Million in Bitcoin: What’s Next? appeared first on Coin Edition.

Read the article at CoinEdition

Read More

Paris-Based Blockchain Group Accumulates 1,471 BTC as Institutional Demand Surges

Paris-Based Blockchain Group Accumulates 1,471 BTC as Institutional Demand Surges

Paris-based Blockchain Group has purchased $68.7 million worth of Bitcoin, bringing i...
BlackRock’s IBIT Soars to World’s No. 2 Bitcoin Owner, Trailing Only Satoshi

BlackRock’s IBIT Soars to World’s No. 2 Bitcoin Owner, Trailing Only Satoshi

BlackRock’s iShares Bitcoin Trust (IBIT) has climbed the ranks in the exchange-traded...