Old Bitcoin Whales Moving Coins: Will This Help Push BTC Above $74,000?
Summary
Bitcoin's old coins are moving, with a 13-year high in dormancy. The movement is not to exchanges but likely OTC, minimizing impact on spot rates. Whales making these transfers have registered profits, historically leading to price dips. However, spot Bitcoin ETFs and decreasing outflows from GBTC could lead to price increases. BTC prices are currently below $68,000, with a clear uptrend requiring a volume expansion above this level and breaking above all-time highs at $73,800.
