Long-term Bitcoin holders who purchased six to twelve months ago have sharply reduced their exchange-bound transfers, falling from 40.4% on June 17 to 4.4% on October 15. Two major whale transactions totaling 3,766 BTC, worth approximately $307.1 million, were recorded, including a transfer of 2,878 BTC between unknown wallets and an 888 BTC withdrawal from Kraken. The 30-day transfer volume reached 205,400 BTC compared to 157,700 BTC in June, while Bitcoin traded around $81,542 amid persistent selling pressure with RSI at 46.42 and CMF at -0.14. The psychological $80,000 support level remains a key zone to monitor, with technical indicators suggesting a potential decline toward this level before a possible recovery toward the $83,895 resistance.
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