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The awakening of the whale's dormant wallet, containing 1701 Bitcoins purchased at an average of $29 a decade ago, is indeed a significant event. With the recent outflows totaling $18 million, it's evident that the whale has seen substantial profits, especially with Bitcoin's current price above $70,000, resulting in around a 240,000% profit. Additionally, the observation of large Bitcoin purchases, totaling $90 million, by another whale since March 6 adds further intrigue to the evolving dynamics of the cryptocurrency market. #BTC #bitcoin #BNB⁩

The awakening of the whale's dormant wallet, containing 1701 Bitcoins purchased at an average of $29 a decade ago, is indeed a significant event. With the recent outflows totaling $18 million, it's evident that the whale has seen substantial profits, especially with Bitcoin's current price above $70,000, resulting in around a 240,000% profit. Additionally, the observation of large Bitcoin purchases, totaling $90 million, by another whale since March 6 adds further intrigue to the evolving dynamics of the cryptocurrency market.

#BTC #bitcoin #BNB⁩

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Shiba Inu: 58 Trillion SHIB Sparks Bull-Bear Faceoff. Dog-themed cryptocurrency Shiba Inu (SHIB) faces a critical juncture in its price action. The market is on high alert as a colossal amount of 58 trillion SHIB becomes the center of a fierce tug-of-war between bullish and bearish forces. After several days of attempting to surpass the daily SMA 50 barrier at $0.0000247, Shiba Inu succumbed to bears, retreating to lows of $0.00002352 in today's trading session. At the time of writing, SHIB was down 0.65% in the last 24 hours to $0.000024, suggesting an ongoing battle between bulls and bears. According to Into TheBlock data, 58.18 trillion SHIB were bought by 57,380 addresses in Shiba Inu's current trading range between $0.000023 and $0.000025 at an average price of $0.000024. This threshold has emerged as a battleground where the short-term trajectory of SHIB's value might be determined. Bulls, optimistic traders betting on the price increase, are rallying to defend this level, hoping to spark a price increase for SHIB price. On the other side, bears, the pessimists of the market, are pushing back, aiming to drive the price down and capitalize on a potential decline. The significance of the 58 trillion SHIB threshold cannot be overstated, representing a point of convergence for market forces and investor sentiment. A strong defense of this level by the bulls could signal renewed confidence in the token's potential, suggesting that SHIB could be gearing up for a price increase. Conversely, if the bears manage to breach this threshold, it could indicate a loss of support for SHIB, potentially leading to a decline in price. Such a scenario would affect the immediate market value of SHIB. In the event of a price rebound, a successful breach of the daily SMA 50 might be needed to kickstart a fresh uptrend for SHIB price, with targets on $0.000032 or even $0.000045. On the other hand, if bears gain the upper hand, Shiba Inu might persist in its current range with support at $0.000018 and $0.00002. #MemeWatch2024
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