$250-Million Bitcoin Whale Awakens After 8 Years – Massive Move Stirs Market
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A long-dormant Bitcoin whale moved over $250 million in BTC after holding the coins since 2016, creating market speculation about potential selling pressure. Bitcoin is currently trading below key resistance levels at $84,200, struggling to reclaim the 200-day moving average around $85,000. Market sentiment is turning bearish due to macroeconomic uncertainties and global trade tensions.
March 24, 2025 | 3:45 am
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Large BTC transfer from a whale who held coins since 2016 raises concerns about potential selling pressure and market volatility. Current price action suggests weakness and potential further correction.
The large whale movement combined with current technical weakness and macroeconomic uncertainties suggests potential downward pressure on Bitcoin's price in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100