Bitcoin sees $771M in whale withdrawals – Why BTC could reclaim $84K

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Fidelity and BlackRock received significant BTC transfers into their ETF wallets, amounting to 282.63 BTC and 384.77 BTC, respectively. Since October 1, 40 newly created wallets also withdrew 9,458 BTC from Wintermute, representing about $771.5 million. Negative exchange netflows and a 1.35% decline in dollar-denominated exchange reserves reinforced the accumulation narrative. BTC, trading around $81,764, defended a demand zone near $81,000, while the bullish Parabolic SAR reversal and a Money Flow Index reading of 53.74 supported a possible move toward $84,000.

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Telemac
Telemachttp://cryptoinfo.ch
Passionné de nouvelles technologies, j’explore l’univers de la blockchain et des cryptomonnaies pour partager l’actualité et les innovations du secteur.

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