Bitcoin Whale Moves $378.79M After 4-Year Inactivity
A significant Bitcoin whale has transferred 4500 BTC worth $378.79M after more than four years of inactivity at current prices.
The transfer was made by bc1qd6dhl3px06pux9rmzw07rkd2kwj9ef36dwgqdg, with the price of Bitcoin currently sitting at $84,170.54.
According to technical analysis, the upper Bollinger resistance is at $84,898.71, while the RSI(14) is neutral at 48.89 and the MACD flashes a bearish death cross.
This suggests that price action may point towards a retracement toward EMA50 support at $83,532.91 before any continuation, which could inform BTC price prediction models and broader crypto market analysis.