MAARTUNN, a popular encryption analyst, said that the 8,000 -bit coin (BTC), which is dormant for five to seven years, has been suddenly moving, adding to the weakening of the encryption. This development took place after a somewhat adventurous week to defeat more than $ 89,000 and cut more than $ 89,000 before surrendering to the heavy sales pressure led by US President Donald Trump’s duties.
$ 664 million in the old BTC transfer of a single block -the cause of the alarm?
The consumed output age is an important indicator of measuring the time to maintain inactive state before the bitcoin token moves. According to the X Post’s Maartuun, the metrics have recently revealed that the last 8,000 BTC of $ 660 million, which was last transferred between 2018 and 2020, has recently moved to one block, attracting considerable market attention.
This delivery follows the recent dormant bitcoin hidden activation. On March 24 and 14 years, the inactive Bitcoin wallet suddenly moved 100 Bitcoin to $ 8.5 million. Meanwhile, six ancient Bitcoin wallets in early March were transferred to almost 250 BTCs of $ 22 million.
In particular, the most recent transaction reported by Maartuun is much larger and potentially strong on the uncertain Bitcoin market. In general, in long -term dormancy, the movement of this amount of BTC is generally interpreted as a signal for sales pressure leading to major price modifications.
However, there are other potential non -knowledge motives behind transactions such as internal wallet shuffle ring and refrigerator reconstruction of institutional investors or large holders. The owner of the new wallet, which currently receives 8000, is unknown, reducing the potential of the weak response of the BTC holder.
Bitcoin price outline
On the last day, Bitcoin prices have been reduced by 4.00% since April 3, after announced that they would impose 25% tariffs on automotive imports and products from China, Mexico and Canada. This shows the latest negative reactions of the crypto market for President Trump’s international trade policy in early February and mid -March.
The Donald Trump administration’s actions can lead to more disadvantages in investor portfolios because of fear of potential economic slowdown.
Bitcoin is currently traded at $ 83,693, reflecting a decrease of 0.72% and 2.53%, respectively, for the last seven and 30 days, respectively. Meanwhile, the daily trading volume of assets increased 19.38% and $ 31.38 billion. The market cap of BTC is currently $ 1.66 trillion and still accounts for 61.1%of the total cryptographic market.
BTC transaction $ 83,727 on a daily chart | Source: TradingView.com BTCUSDT chart
