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Crypto

Bitcoin Whale Unloads 1400 BTC for $111M Amid Market Volatility

Guavy AI Editorial Team
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BTC
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A Bitcoin whale has made a significant move in the market by selling 1,400 BTC for $111.61 million after four years of inactivity.

The whale originally received 2,200 BTC at an average price of $45,024 and held onto it through peak unrealized gains of $178 million.

The sale is notable because the whale had been holding its coins for so long, and it's a significant departure from their previous inactivity.

The current price of Bitcoin sits at $79,241.26, which is testing the upper Bollinger resistance at $80,175.11 with an RSI(14) reading of 65.67, indicating a neutral sentiment.

A healthy retracement to the EMA50 support at $73,856.26 looks probable before further upside.

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