🚨 Bitcoin Whale Sells 300 BTC After 11 Years 🚨
A dormant Bitcoin whale just woke up — and cashed out big.
This wallet, inactive since 2013, sold 300 BTC for roughly $31 million. The last incoming transaction? Over 11 years ago. This could be an OTC deal or a move to custodial storage — but it’s sending waves through the market. 🌊
📉 Meanwhile, exchange reserves are plunging.
CryptoQuant reports only 2.4M BTC left on exchanges — the lowest since 2021. This depletion trend has been steady since late 2023, even as Bitcoin recently spiked to $105,800.
📊 On-chain data from Santiment shows a shift in power:
🔼 231 new whale wallets (10+ BTC) added in just 10 days
🔽 37,000+ small wallets (0.001–10 BTC) sold off
This points to a classic redistribution: retail panic-selling, whales quietly scooping it up.
⚙️ Technical Setup: Bollinger Bands Tightening
BTC is hovering in a narrow band between $100K–$110K. Analysts say this “squeeze” often precedes explosive moves.
🧠 Daan Crypto Trades sees a bullish setup aligning with ascending triangle formations.
📈 Jonathan Carter points to a bounce off the lower triangle support and says a breakout above the MA-50 could launch BTC toward:
• $109K
• $110.5K
• $114K
• $118K
Despite minor dips in the past 24h, Bitcoin's fundamentals remain strong. Whale activity, decreasing reserves, and tightening bands all suggest a major move is brewing.
The question is — will you be in before the breakout?
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