🔔Crypto Alert! A dormant whale wallet holding 1,000 BTC, valued over $61M, has woken up after six years of inactivity and moved its stash to Coinbase Pro. This comes as Bitcoin struggles to maintain gains above the $62,000 mark. 🐳💰
This quarter, we've seen an uptick in dormant Bitcoin wallets stirring into action. Just last Thursday, a miner's wallet woke up after 14 years to send 50 BTC to Binance. Are these old hands cashing out or planning some speculative moves in the derivatives market? 🤔
This selling trend, along with faster liquidations by miners and government divestments, has nudged Bitcoin prices 9% lower this month. But hold on, folks! The release of the Fed's PCE price index later today might just shake things up. 📉📈
What do you think? Are these whales cashing out or just making waves in the market? Let's discuss! #CryptoNews #Bitcoin #WhaleWatch