A Bitcoin whale inactive for over four years has just moved 4,500 BTC worth $378.79 million, reigniting selling pressure fears in an already fragile market. This transaction comes as BTC has pulled back nearly 2% to approach $82,000 after failing to reclaim $87,000. Long liquidations have exceeded $250 million, and the 10-year U.S. Treasury yield is approaching 5.2%, its highest level since July 2007. While Bitcoin exchange balance remains at a four-month low, two nearly identical moves in less than a week could signal the start of a deeper correction.
Source: Read the original article
Disclaimer: this content is for information purposes only and is not financial advice. Cryptocurrencies are highly volatile: you may lose all of your capital. Always do your own research. Legal notice
