Bitcoin's market momentum is showing signs of improvement as a long-dormant whale wallet moved 500 BTC, valued at approximately $40.6 million, after 13 years of inactivity. This activity coincides with a shift in Bitcoin's momentum indicators, which have turned positive across daily, weekly, and monthly timeframes, according to Alphractal's data.
The whale's BTC, originally acquired for about $914, was transferred to a new wallet rather than an exchange, suggesting no immediate selling pressure. Bitcoin's price currently stands at around $81.5K, with a slight dip of 0.74%. Despite recent consolidation, capital inflows remain positive, indicating potential for further upward movement if buying pressure persists.
Dormant Bitcoin Whale Moves $40.6M as Market Momentum Shifts
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