Bitcoin (BTC) Stirs Up Crypto Market: Dormant Wallet Transfers $44 Million – What’s the Future Impact?

• Bitcoin’s recent surge past $64K has been shadowed by the activation of a dormant whale wallet containing 687 BTC, valued at over $43 million.
• The dormant whale, inactive for over a decade, made two substantial transfers to unknown wallets, raising concerns of a potential selloff.
• Despite Bitcoin’s successful rebound, traders remain cautious due to overbought signals and potential trend reversal indicators.

Bitcoin’s surge past $64K triggers caution among traders due to overbought signals and potential trend reversal indicators. The activation of a dormant whale wallet containing 687 BTC, valued at over $43 million, raises concerns of a potential selloff.

Dormant Whale Wallet Activation Raises Concerns

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 dorm... Read the full article for FREE at COINOTAG!