As of yesterday, the price drop in Bitcoin (BTC) triggered thousands of BTC whales, a wallet that has been inactive for 9 years has carried more than 6 thousand BTC.
It has been hovering around $30,000 for more than a week. BTC began to lose strength. BTC lost 6.25% in a short time, worrying the crypto market. When the behind-the-scenes of this decline is examined, BTC whales movements stand out. Before the short-term collapse in price, huge BTC transfers took place. The most striking of these transfers is the crypto wallet that has been inactive for 9 years. 6,071 BTC ($178 million)it was transferred.
Data Moves Negatively in Bitcoin (BTC)
stable for some time BTC had come to a crossroads. The $30,000 level, which is important for both technical and fundamental analysis, was abandoned with a sharp price action yesterday. BTC, which hangs below $ 29,000, seems to have caused concern in the crypto market, which is advancing in the spring mood.
After this momentary price movement of BTC, negative results were found in many crypto data. Especially when the liquidation rates are examined, it is seen that an incredible number of crypto investors are liquidated in BTC-sided transactions, and these liquidation values are significant.
