Bitcoin Whale Locks in $376.9M Gain with Massive Wallet Transfer

A long-time Bitcoin holder has made a significant move in their wallet, transferring approximately 4.5K BTC worth $378.79M to a new address just one hour ago.

This transaction represents an estimated gain of around $376.9M for the whale, who acquired the initial 4.5K BTC roughly a decade ago for approximately $1.89M.

The current Bitcoin price stands at $83,457.46, which is testing lower Bollinger support at $83,556.94 and faces resistance from EMA50 at $83,504.94.

The MACD death cross has also confirmed bearish momentum ahead of any potential price shifts in the cryptocurrency market.