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This content contains potentially risky contract addresses
Lookonchain noted that on Wednesday, a major
Bitcoin
whale withdrew 250 $BTC from leading exchange Binance after six months of dormancy.
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Bitcoin Price May Slip Below $60,000 as Old Coins Re-enter Market
✨ Dormant Bitcoin re-enters circulation amid weak demand, potentially driving its price below $60,000.
✨ On-chain data shows a surge in long-held $BTC activity, but demand remains insufficient to absorb the supply.
✨ Bitcoin may test key support levels unless new demand materializes, countering the bearish outlook.
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