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MainNewsCrypto Alert...

Crypto Alert: Dormant Wallet Activates With Transfers $44 Million in Bitcoin: What’s Next?


May, 06, 2024
< 1 min read
by CoinEdition
Crypto_Alert_Dormant_Wallet_Activates_With_Transfers_44_Million
  • Activation of dormant whale wallet with $43M in BTC raises concerns of potential selloff amid Bitcoin’s recovery.
  • Bitcoin’s surge past $64K triggers caution among traders due to overbought signals and potential trend reversal indicators.
  • Shorts dominating liquidations as Bitcoin rebounds, but impact of short squeeze may be limited, keeping market dynamics uncertain.

Bitcoin soared above the $64,000 threshold today, setting a momentous achievement in its current run-up.The resurgence in Bitcoin’s price was accompanied by a noteworthy event – the activation of a dormant wallet containing 687 BTC, valued at over $43 million as per Whale Alert data. This dormant Bitcoin whale, inactive for over a decade, made two substantial transfers to unknown wallets on Monday, totaling nearly $44 million.

As per Lookonchain, an onchain analytic firm, the first transaction involved the transfer of 625.42 BTC, amounting to a  $41 million. The second transfer moved 61.9 BTC, equivalent to approximately $4 milli…

The post Crypto Alert: Dormant Wallet Activates With Transfers $44 Million in Bitcoin: What’s Next? appeared first on Coin Edition.

Read the article at CoinEdition

Read More

Abraxas Capital Wallet Acquires Nearly $250M in Bitcoin Ahead of Easter

Abraxas Capital Wallet Acquires Nearly $250M in Bitcoin Ahead of Easter

A crypto wallet tied to London-based investment firm Abraxas Capital has made headlin...
Apr, 20, 2025
3 min read
by Cryptonews
FARTCOIN Returns to Top 100 Alts After 10% Surge, BTC Stays Calm at $85K (Weekend Watch)

FARTCOIN Returns to Top 100 Alts After 10% Surge, BTC Stays Calm at $85K (Weekend Watch)

FET and TAO follow suit in terms of daily gains.
Apr, 20, 2025
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MainNewsCrypto Alert...

Crypto Alert: Dormant Wallet Activates With Transfers $44 Million in Bitcoin: What’s Next?


May, 06, 2024
< 1 min read
by CoinEdition
Crypto_Alert_Dormant_Wallet_Activates_With_Transfers_44_Million
  • Activation of dormant whale wallet with $43M in BTC raises concerns of potential selloff amid Bitcoin’s recovery.
  • Bitcoin’s surge past $64K triggers caution among traders due to overbought signals and potential trend reversal indicators.
  • Shorts dominating liquidations as Bitcoin rebounds, but impact of short squeeze may be limited, keeping market dynamics uncertain.

Bitcoin soared above the $64,000 threshold today, setting a momentous achievement in its current run-up.The resurgence in Bitcoin’s price was accompanied by a noteworthy event – the activation of a dormant wallet containing 687 BTC, valued at over $43 million as per Whale Alert data. This dormant Bitcoin whale, inactive for over a decade, made two substantial transfers to unknown wallets on Monday, totaling nearly $44 million.

As per Lookonchain, an onchain analytic firm, the first transaction involved the transfer of 625.42 BTC, amounting to a  $41 million. The second transfer moved 61.9 BTC, equivalent to approximately $4 milli…

The post Crypto Alert: Dormant Wallet Activates With Transfers $44 Million in Bitcoin: What’s Next? appeared first on Coin Edition.

Read the article at CoinEdition

Read More

Abraxas Capital Wallet Acquires Nearly $250M in Bitcoin Ahead of Easter

Abraxas Capital Wallet Acquires Nearly $250M in Bitcoin Ahead of Easter

A crypto wallet tied to London-based investment firm Abraxas Capital has made headlin...
Apr, 20, 2025
3 min read
by Cryptonews
FARTCOIN Returns to Top 100 Alts After 10% Surge, BTC Stays Calm at $85K (Weekend Watch)

FARTCOIN Returns to Top 100 Alts After 10% Surge, BTC Stays Calm at $85K (Weekend Watch)

FET and TAO follow suit in terms of daily gains.
Apr, 20, 2025
2 min read
by CryptoPotato