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Crypto Trader Sells $2.5M Ferraris for More Bitcoin Amid Historic Support Zone

Guavy AI Editorial Team
Instruments
BTC
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Crypto trader Carl Runefelt, known as 'The Moon,' sold two Ferraris worth $2.5 million to buy more Bitcoin.

Runefelt views the current decline in Bitcoin as a rare accumulation opportunity, with the cryptocurrency approaching one of its most historically significant support zones: the 200-week moving average.

This long-term technical indicator has previously coincided with major market bottoms and marks an average price over approximately four years, aligning with the cryptocurrency's halving cycle.

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