Crypto
Satoshi Wallet Stirs Supply Risk with 598.5 BTC Transfer
A dormant Bitcoin wallet linked to Satoshi Nakamoto has transferred 598.5 BTC to Bitfinex for the first time in 16 years, sparking fresh supply risk and bearish momentum in the crypto market.
The transaction was mined by MARA Slipstream and adds a significant amount of liquidity to the exchange.
According to technical analysis, the Bitcoin price is currently trading inside Bollinger Bands with an EMA50 at $83,494.81 acting as immediate resistance and an EMA200 at $79,325.97 providing a distant floor.
The MACD death cross at -161.22 confirms bearish momentum, while the RSI at 47.03 shows neutral conditions.