Dormant Bitcoin Whale Awakens: BTC OG Rotates Into $577M ETH Long
Bitcoin is entering a decisive phase after setting fresh all-time highs last week but failing to trigger a clean breakout. Following the rejection below $125K, the market has shifted into uncertainty, with volatility rising and traders split on what comes next. Analysts are divided: some warn of a breakdown below current range supports, while others […]
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On-chain data shows a Bitcoin whale has recently transferred around 500 BTC that had been previously dormant for around 5 to 7 years. Bitcoin Spent Output Age Bands Show Spike In 5-7 Years Old Coins As pointed out by an analyst in a CryptoQuant post, this movement of 500 BTC has come following the 5k […]
Bitcoin (BTC) is trading in a sideways consolidation phase after hitting its all-time high near $124,000, with volatility keeping investors cautious. The price has been fluctuating in a relatively tight range, showing resilience but also failing to establish a clear directional trend. For many traders, this period feels like the calm before a potential breakout, as the market sits at what analysts describe as a pivotal setting. Related Reading: Bitcoin Consolidates Above $115K As Market Eyes Fed’s Sept 17 Policy Move While short-term traders navigate intraday moves, long-term investors are....
Recent events have seen the Bitcoin market show fresh vitality; the price of the coin exceeds $63,000. This spike coincides with a slew of noteworthy occurrences that both experts and investors have noticed. Related Reading: Ethereum Seen Hitting $5,000 as German Bitcoin Sell-off Shakes Market Dormant Wallet Turns Into Action The turning on of a long-dormant Bitcoin wallet is among the most interesting events. Known as “1 EhXAfST,” the wallet had been dormant for almost 12 years until abruptly sending 1,000 BTC—worth about $60 million—to two new wallets. Given the....
Bitcoin is entering a new phase after months of dominance and sustained gains. For the first time since late 2022, BTC is lagging behind while Ethereum and several altcoins begin to show strength. This shift has caught the attention of investors, as Bitcoin has long been the main force driving the broader market’s momentum. Now, […]
The crypto market has now seen a much-needed recovery after weeks of flat market prices. Most digital assets in the space are currently in the green and Ethereum is no different. The second-largest cryptocurrency by market cap is up by more than 14% in the last 24 hours, plunging more investors into profit. Just like everyone else, a dormant whale has roused from their sleep to benefit from the current market recovery. Ethereum Whale Wakes Up Through the recovery that has rocked the crypto market, none has been more interesting than the ETH whale that has roused after more than 6 years of....