Bitcoin Whale Moves 72,000 BTC Aged 7 Years Top Signal Or Altseason?
During the latest meeting of the Federal Reserve which happened yesterday, the rates were reduced by 25 basis points, and the policy changes began with altering the amount of cuts to be made the following year. The news consequences caused bitcoin to undo the market retracement.
After reaching an all-time high of 98k and shedding off 8%, BTC soon saw all the liquidity it needed. In addition to the economic slump, The Fed's decisions created turmoil in the bitcoin market as well as others.
A new major BTC whale’s activity on chain generated curiosity in the other mob looking for angles. All in all it suggests with over 72,000 BTC moved it means the market is reaching its saturation point. Once in a while there are major swings at the early stages of the adoption curve, which turn out to be a leading indicator of price bottoms, since such major activities create emotions and liquidity in the market.
Despite the trend, the fact that BTC continues to trade above liquidity regions has put many investors at ease. The question still stands: is this a shakeout that directs the next pushes higher or is it a more significant correction?
but whatever the case is hope are still higher with $BTC cause it's always surprising
but right now how its falling its not a problem to assume that its will increase and once again its going to be all time high
#BTCNextMove