Ten-year-old wallets with thousands of Bitcoins took advantage of the volatility in the cryptocurrency markets and started to act.
On-chain research platform CryptoQuant According to the latest data shared by 7-10 years Bitcoin wallets, which have a history between It is known that the movements on these wallets are generally observed when the Bitcoin price reaches the expected support or resistance points for a long time. The movements in question these days, when the Bitcoin price is hovering around $20,000, may indicate that history is repeating itself.
According to the data, a total of these old wallets Around 10,000 Bitcoins output is observed. However, it is difficult to say that all of these Bitcoin movements are for sales purposes. The majority of the 10,000 Bitcoin movement that took place in a few days not to exchanges but to different wallets known to have been transferred. The whales who could not remain unresponsive to the price movements on the entire crypto money market. diversify your investments for the purpose or reduce risk and reduce assets in their hands It seems that these transfers will become clearer in the coming days.
When the past data are examined, it is seen that such whale movements are followed by rising waves, albeit for a short time. However, the fact that there has been a decrease in the price after these short-term rises or sideways movements does not go unnoticed.
Although Bitcoin exits from such old wallets often trigger capitulation concerns on investors, it is not overlooked that the Bitcoin activity in question takes place in small volumes. In previous processes 100 thousand BitcoinsIf we remember that .