The big movement of BTC’s dormant whales; Opportunity to buy or alert?

Study time: 2 Minutes

While Bitcoin has fallen in recent days, intra -savvy data shows long -term buyers are still buying.

Only in the past 7 days, about 2.5 bits were purchased by accumulated wallets, of which 4.3 were from addresses that have never been sale.

But in a rare incident, non -$ 1.2 inactive bitcoin worth more than $ 5 million has been moved for the first time after two to three years, which has raised concerns for some market participants.

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Such gestures usually speculate about sudden sales, although they do not always mean sales.

Currently, the relative power index (RSI) is at the level of 4.1 and the low balance volume index (OBV), which shows market caution. However, the strong demand and patient behavior of long -term buyers have prevented complete surrender.

In the end, the market may be stabilized, but there is still no definite sign of the upward trend return.