Bitcoin (BTC) Preparing for a Drop: Similar Transfer Seen Before the $32K Drop

Crypto wallet analyst Anıl Avcı, reporting the movement of 74,000 Bitcoins that took place yesterday, drew attention to the huge drop that followed a similar transfer in June.

Anil Avci November 4 via social media account in his postapproximately 1.5 billion worth a dollar 74,000 It says that the Bitcoin has been transferred to different wallets and the wallet owner’s Bitcoins are fragmented. over the counter (OTC) very likely to sell high stated that. The phenomenon is that we have gone through a similar process. June It was made in the month of month and immediately after that, Bitcoin was made in about 2 weeks. 40% value underlined the loss.

In the scenario where Bitcoins are sold in the over-the-counter market, the instant effect on the market due to the fact that the transfers take place outside the stock market. not to be expected Avcı stated that the effects of over-the-counter sales on the market, news and entry of purchased assets on exchanges He added that he did it. Based on this scenario, the phenomenon started in wallet movements. to cash in fast would be wrong, investors’ plans were not fully cannot be predicted suggested.

In addition, the said investors have already agreed between them and the seller FUDThe phenomenon, which states that it may be preparing the Elon Musk’s He constantly reiterated that Musk sold his reserves and believed in Bitcoin, although he thought he would not sell his Bitcoin reserves. by Michael Saylor make a similar move that it is not impossible stressed.

Warning investors to keep some cash in their hands, Avcı said who owns 74,000 Bitcoins and What information does the market have that it does not? He said he was also curious.


source site-9